DEVELOPMENT OPPORTUNITY !! Mixed use property c. 1890 with vacant store on 1st level and 3 residential apts upstairs. ZONED BA/C2B offers flexible variety of uses. In same family for decades . property consists of 2 lots. 14-16 has 1755 sf and 12 sitting behind it has 1103 sf. All RESIDENTIAL units have older kitchens and baths. Store has an older 1/2 bath. Heating is comprised of 4 FHW by gas systems, 4 hot water heaters, and 4 separate electric services. The vacant store on the first level was used as a dry cleaning business for decades. There is a driveway leading back in to the rear of the property providing parking. Absolutely wonderful neighborhood with a wide array of restaurants, coffee houses, shops and minutes to the Twin City Mall and Green line.
12-16 Warren St, Cambridge, (East Cambridge), MA, 02141
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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