Attention investors looking for a lucrative property with enormous potential for growth. Look no further, this well-established motel offers the perfect balance of cash flow and great upside, fully occupied generates an income of approximately $117,000/year. One of the standout features of this property is its untapped potential. The expansive lot, 1.54 acres, offers ample space for future development, outdoor amenities or expanded landscaping. Currently 7 active rooms with 2 unfinished rooms, that have already been approved by the town and could add an extra $36,400 in yearly income. Don't miss this rare and lucrative opportunity.
1417 Park St, Palmer, MA, 01069
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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