Fabulous opportunity to own a unique commercial/residential property consisting of a heated three bay garage (currently operating as an auto sales/repair shop that will be VACANT @ closing) AND a two-family home(VACANT @ closing.The three bay garage offers two office areas and a bathroom - and is heated by a new high efficiency, overhead natural gas-powered heating unit. The building’s roof was raised to 14’ and replaced (2018). This property offers many possibilities! The home offers 2 units, each with two bedrooms, eat-in kitchen, living room, large closets and enclosed porch/balcony. 1st floor unit also offers a separate room that can be used for an office, game room or home schooling! Per owner, most knob and tube was removed; hot water tanks approx. 3 & 5 years old. Close to Elms College and Baystate Hospital, this is an investment opportunity in an area with high rental demand! Schedule your showing today!
578 Springfield St, Chicopee, MA, 01013
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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