Great location, condition and potential for investor or owner user. Flexible renovated light industrial and retail income property with multiple use possibilities. Auto parts store rents retail portion of building (8,500 SF) with net lease and renewal option. See agent for lease terms. Light industrial property presently used by owner includes space for assembly, light manufacturing, warehousing, plus has reception/display areas, kitchen, conference room and potential for additional retail in front area. Roof, HVAC and fireprotection systems recently replaced as part of prior renovations. SBA loan for a portion of debt may be assumable for qualified buyers. Traffic count at First Street is 17,949 average automobiles per day. Building and parking are separate parcels under same ownership.
Utilities
Public Water, Public Sewer, Natural Gas Available, 220 Volts, Three Phase
Buyer Agent Compensation:
1.5%%
Facilitator Compensation:
0
31 First Street Boulevard, Lowell, MA, 01850
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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