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Prime Location Multi-Family Property with Future Development Potential at Hampton Beach! Just steps from the Atlantic Ocean, this rare multi-family property consisting of two separate buildings is being offered for the first time in 47 years presenting an exceptional development opportunity for forward-thinking investors. With multiple potential units, the property is ideal for short-term vacation rentals or summer getaways, while also offering significant potential for redevelopment or condo conversion. The presence of two distinct buildings provides added flexibility for rental configurations, owner-occupancy options, or phased development. Located in the heart of Hampton Beach, it’s within walking distance of the boardwalk, restaurants, shops, and all the excitement this vibrant coastal destination has to offer. Whether you're looking to capitalize on seasonal rental income or pursue future development possibilities, this is an investment opportunity you don’t want to miss. Schedule a showing today and explore the potential of this prime beachside location! Schedule a showing today and explore the potential of this prime beachside location!
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
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Loan Amount | $1,240,000 | $1,240,000 | $1,240,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.739% | 6.183% |
Monthly Tax Payment | $789 | $789 | $789 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,041 | $7,940 | $10,464 |
Total Monthly Payment | $7,955 | $8,854 | $11,378 |
* 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.