5-7 & 11 Monk are two adjacent multifamily properties comprised of 9 total units in the heart of downtown Stoughton. The properties are fully-tenanted and have strong in-place income with additional rental upside though renovating units that haven't been redone recently ($18,940 monthly / $226,080 yearly). The buildings feature separate heat, hot water, and electricity paid by the tenants, off-street parking, and on-site laundry. Monk Street is an ideal renter's location walking distance to the MBTA Commuter Rail (0.2mi) as well as a wide array of shopping and dining amenities.
Parking:
9-car, Paved Drive, Off Street
Amenities:
Public Transportation, Shopping, Park, Medical Facility, Laundromat, Public School, T-Station
Sub-Agency Relationship Offered:
No
5-11 Monk Street, Stoughton, MA, 02072
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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