For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
Mortgage rates are estimates of current rates. No fees are included.
Very solid building, well maintained. Reliable tenancies, producing cap rate of 6.3% at asking price. Centrally located in Terrace, with two included vacant lots directly across the street for tenant parking. Roof was done 8 years ago. This is a turnkey positive cashflow opportunity.
