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Cashflow! Seize this incredible opportunity with a mixed-use triplex spanning approximately 3, 000 SF and offering a potential cap rate over 14%. The residential units exude charm and character, featuring hardwood floors throughout, wood kitchen cabinets, and elegant tin ceilings. Recent upgrades include brand-new heating systems, ensuring efficiency and comfort for tenants. The spacious commercial unit, boasting over 1, 500 SF, offers remarkable flexibility for a variety of business uses. High ceilings and striking tin ceilings enhance the space’s historic appeal, while expansive display windows provide excellent visibility and views of Milton Three Ponds. A dedicated back area offers additional workspace or storage, catering to a range of business needs. Investors will appreciate the convenience of separate utilities, while tenants enjoy a prime downtown Milton location directly across from Milton Three Ponds—ideal for boating, fishing, and kayaking. The property is also just minutes from schools, convenience stores, town hall, the Seacoast, lakes, mountains, and major routes, including Route 16. The adjacent lot is also available for purchase as part of a package deal(MLS # 5033185). Property is FHA financeable. Act fast, as this will not last. Delayed PRIVATE showings begin March 23, Sunday between 12-2PM.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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William Raveis Real Estate
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $319,920 | $319,920 | $319,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.050% | 6.132% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,996 | $2,102 | $2,678 |
Total Monthly Payment | $2,071 | $2,177 | $2,753 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.