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This is a prime location in Warwick. Sale of real estate and the business. This successful florist shop is run by a staff of one and grosses $230, 000 per year. Because of the small staff business is turned away at times. The address is 103 Tillinghast Ave but this is highly visible and accessible on Rt2 in the heart of the shopping district just south of Rt113 (Main Ave). Real Estate and business are for sale. The seller wants the buyer to succeed and is willing to mentor a buyer who is new to the florist business. This is an established business whose owner is retiring.
The building is newly insulated and has a new roof. The building served as a church for many years and has a striking appearance, it's eye catching on a road that has thousands of eyes passing every day. The main floor of the building is 2450 square feet. The sale is of the real estate and the business.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $504,000 | $504,000 | $504,000 |
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 | 6.995% | 7.050% | 6.132% |
Monthly Tax Payment | $420 | $420 | $420 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,144 | $3,311 | $4,219 |
Total Monthly Payment | $3,656 | $3,823 | $4,731 |
* 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.