Seller Financing Available: Incredible development opportunity a few short blocks from the upcoming MBTA Commuter Rail Station.1061 Pleasant Street, the historic Russell-Howland House, an iconic opportunity in the heart of New Bedford, MA.Built in 1830, this distinguished property spans over 15,000 square feet of flexible space set on a generous 35,127 square foot lot.Massachusetts Historical Commission approval is in hand for transforming the existing structure into 13 residential units. Plans are available for an additional 22 residential units across two new additional structures.Conveniently located near Historic Downtown New Bedford, the working waterfront, & wind energy facilities, this is a rare opportunity for an ambitious developer to take over and finalize the project - creating highly sought after residential units.
1061 Pleasant St, New Bedford, (Center), MA, 02740
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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