Attention investors, own a piece of historic Webster in the Columbia block on Main Street. The building is brick with newer windows. This is a rare opportunity with current reoccurring income and potential for more on the 1st floor. Half of first floor is leased with the other side ready for your business or rental income. The building's connection to Samuel Slater, an early American industrialist adds unique historical significance. This can attract tourists and enhance the property's prestige. It also may hold a unique place in the community and may be eligible for preservation grants or tax incentives. Additionally, they can be a hub for culture-related activities, which could translate into consistent revenue streams. By following existing zoning laws and the property's current condition, there may be opportunities for development or renovation projects that can increase its value. Main water line for building sprinklers is plumbed to the base of the building. New HVAC unit.
228-230 Main Street, Webster, MA, 01570
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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