984 Ridgeway Avenue Falmouth KY 41040

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984 Ridgeway Avenue

Falmouth, KY 41040

Suburb: Falmouth

$425,000

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Exceptional property offering flexibility of usage and 4500+/- square feet*Currently, a spa/salon occupies front of building approximately 1000-1200 sf w/4 chairs, 2 back bar/shampoo bowls. Additional rooms offer flexibility of usage; a massage/spa room, kitchen/laundry room, storage, misc. Efficiency apartment 600 sf +/- with ''new'' Stainless Steel appliances*Additional office space 420 sf +/- *Garage in building 1500 sf+/- w/concrete floor, 20' +/- ceiling New roof May 2020*Four (4) HVAC units 2 new installed in 2018*Parking for 15+/- vehicles*City utilities - Natural gas heat. Heavily insulated*

Directions

US 27 South to Falmouth, Property on Left

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Property Details

General Information

Property Type	Commercial Sale
Style	Mixed Use
Suburb	Falmouth
County	Pendleton
Zip Code	41040
MLS#	617426

Additional Information

No. of Buildings	1
Semi-Annual Taxes

Property Features

Construction	Block, Concrete, Metal Siding
Lot Dimensions	148x123x34x140x65
Total Acres	0.4
Water	Public
Sewer	Public Sewer

Additional Features

Parking	Parking Lot
Cooling	Central Air, Multi Units

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You can calculate the mortgage loan amount from the price of the real estate by providing the down payment percentage.

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Or if you know the price of the real estate and the loan amout and enter "0" for the down payment percentage, the calculator will calculate the down payment amount and percentage.

Points, Annual Property Taxes, Annual Insurance and Private Mortgage Ins. (PMI) are all optional. If you enter values, the periodic portion of each will be calculated and shown on the schedule. Property taxes and insurance are combined under escrow.

If a borrower does not have cash to cover at least 20% of the purchase price, some lenders will require the borrower to purchase private mortgage insurance (PMI) to cover against a possible default. Premiums are typically 0.5% to 2.0% of the original loan amount. The borrower can drop the insurance coverage once the mortgage balance is less than 80% of the original purchase price. The calculator handles this automatically. (There may be other conditions as well under which the lender will no longer require PMI. One such case might be apprciation of the real estate.)

Points are charges that are normally due at closing. Borrowers (normally only in USA) may select to pay a lender "points" up front in exchange for a lower interest rate. Points are expressed in percent and are calculated on the amount borrowed. 3 points on a $200,000 mortgage equals $6,000. If the user enters points, this calculator includes their value in the summary and as part of the total payment at loan origination on the payment schedule.

The term (duration) of the loan is expressed as a number of months.

60 months = 5 years
120 months = 10 years
180 months = 15 years
240 months = 20 years
360 months = 30 years

Need more options including the ability to solve for other unknowns, change payment / compounding frequency and the ability to print an amortization schedule? Please visit, https://AccurateCalculators.com/mortgage-calculator

The data relating to the real estate for sale on this web site comes in part from the Broker Reciprocity program of the Northern Kentucky Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Comey & Shepherd Realtors are marked with the Broker Reciprocity logo or Broker Reciprocity house icon. The properties displayed may not be all the properties available through Broker Reciprocity.

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