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Don't miss your chance to own a high-visibility, income-producing property in one of Putnam's most vibrant and walkable downtown districts. This exceptional mixed-use building offers the perfect blend of residential and commercial space, making it an ideal investment for owner-occupants or savvy investors looking to expand their portfolio. Situated in a prime location with heavy foot traffic and excellent street exposure, this property provides consistent rental income from established tenants and tremendous potential for future growth. The ground-floor commercial space benefits from a bustling commercial corridor, while the well-maintained residential units above offer a solid rental history. With separate utilities for efficiency, and convenient access to major routes, the building is as practical as it is profitable. All of this is just steps away from local restaurants, shops, entertainment, and year-round town events. This is more than just real estate-it's a turnkey opportunity in one of Connecticut's most charming downtowns. Schedule your private showing today and see the potential for yourself!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $719,200 | $719,200 | $719,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.727% | 6.309% |
Monthly Tax Payment | $1,258 | $1,258 | $1,258 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,084 | $4,605 | $6,118 |
Total Monthly Payment | $5,434 | $5,955 | $7,468 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.