Mixed use property located in the heart of Downtown New Bedford adjacent to the Abolition Row Park. The historic George W. Baker property is a blank canvas ready with quite a few possibilities for different uses. Two stories with a third attic space with harbor views boats over 4,300 square feet of usable space. You will not find 11 parking spaces anywhere Downtown! Currently, the property has two residential apartments and one professional office. The apartments are currently vacant. Plans are in hand for an apartment conversion completed by premier builders, South Coast and Associates. With the new commuter rail, this is an amazing property to acquire for your own personal residence or an investment for your portfolio.
26 7th St, New Bedford, 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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