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Prime investment opportunity in the heart of Black Rock! This meticulously maintained 8-BR multifamily is perfect for investors or owner-occupants. With a long list of recent updates, this property is truly turn-key! Major improvements include new furnaces and water heaters (2022), a fully renovated 1st & 2nd-floor kitchen featuring quartz countertops, modern cabinetry, and stainless steel appliances, plus a refreshed 3rd-floor kitchen with new cabinets, stove, microwave, and refrigerator. Lifelock luxury vinyl flooring spans the 1st and 2nd floors, while fresh interior paint enhances every unit and common area. Exterior upgrades include a full house and garage repaint (2024), a new roof on the garage (2023), and a brand-new driveway and sidewalk. The chimney has been repaired with a new liner and smoke pipe, and the front porch and exterior deck have been restored for added curb appeal. Major infrastructure upgrades include a new waste pipe from the basement to the street, PVC plumbing improvements, and new washers and dryers in the basement. Each unit is designed for maximum convenience with stand-alone closets, updated bathrooms with newly glazed tubs, and bright, spacious layouts. Located just minutes from restaurants, shopping, and the waterfront, this property offers a perfect blend of modern comfort, long-term value, and an unbeatable location. Don't miss this rare opportunity to own a fully updated multi-family in one of Bridgeport's most desirable neighborhoods!
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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 | $579,920 | $579,920 | $579,920 |
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 | 7.007% | 7.063% | 6.132% |
Monthly Tax Payment | $988 | $988 | $988 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,618 | $3,810 | $4,855 |
Total Monthly Payment | $4,698 | $4,890 | $5,935 |
* 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.