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Turnkey 4-Unit Property IN PLACE 11% CAP RATE! The 3 bed unit rents for $2, 050/month; one, 2-bed/1-bath unit rents for $1, 900/month, while the remaining 2, 2 bed units are ready for an owner-occupant and/or additional rental income for $2, 000 each. Each unit features modern upgrades, including energy-efficient windows, new doors, and LED lighting throughout. The contemporary kitchens are outfitted with white cabinetry, granite countertops, stainless-steel appliances, and dishwashers. Designed for comfort, the layouts include spacious bedrooms, tiled full baths, and a master suite with a walk-in closet. Residents enjoy two dedicated parking spaces per unit, ample street parking for guests, and convenient shared basement laundry facilities. The property is energy-efficient with natural gas heating, cooking, and hot water to help keep utility costs low. With over $30, 000 in recent upgrades, this property offers peace of mind and minimal maintenance for years to come. Improvements include new French drains and sump pumps with a lifetime warranty by Connecticut Dry Basements, a brand-new paved driveway, new gutters with gutter guards for low-maintenance upkeep, and professional chimney work ensuring long-term reliability. This stress-free investment is perfect for an investor looking for solid rental income or a homeowner seeking to offset costs while enjoying a beautifully updated property. With major improvements already completed, this is a move-in-ready opportunity you don'
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $479,200 | $479,200 | $479,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.050% | 6.132% |
Monthly Tax Payment | $916 | $916 | $916 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,990 | $3,148 | $4,011 |
Total Monthly Payment | $3,998 | $4,156 | $5,019 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.