7 Unit investment opportunity with value add potential! This mixed-use, stand-alone building sits at the corner of Union and School St, adjacent to Pride and Dunkin Donuts, and is located within the downtown district in the newly revamped area of the Union St Project. This project included many visible improvements, such as newly paved roads and accessible sidewalks, which are driving in businesses and increasing its visitors. The property consists of 4 residential apartments, 3 commercial storefronts and offers 10 off-street parking spaces. Many upgrades have been done over the years to include newer windows, boiler, water heaters, fire escapes, gas meters, electrical and more. The property is already cash flowing, has rental increases beginning soon, and there's opportunity for more. Great addition to a portfolio or owner user!
46-54 Union St, Easthampton, MA, 01027
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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