Explore this perfect investment opportunity in the highly sought-after Belmont Hill area. Within the confines of this four-unit building; three units feature three bedrooms, spacious eat-in kitchens and in unit laundry hookups. The lower level unit offers two large bedrooms and its own eat-in kitchen as well as in unit laundry. Units 1, 3 & 4 have been recently renovated and unit 2 tenant has been there for 20+ years. Conveniently positioned within close proximity to Shrewsbury Street, UMASS Memorial, and UMASS Campus, this property promises unparalleled convenience and accessibility. The ground level unit is rented at $1884/month, the first-floor unit is rented at $1767/month with potential to go up to $2250. The third-floor is rented at $2250 per month and the second floor will rent at $2250/month as well.
81 Merrifield St., Worcester, MA, 01605
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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