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Great investment potential awaits! This charming Burlington duplex offers flexibility and value in a prime location, making it an excellent choice for both investors and owner-occupants alike. Situated on a lovely lot with ample off-street parking and a private driveway, each unit can be conveniently accessed via its own oversized covered porch. The lower unit (176) is a character-filled 2-bed, 1-bath. Step into a bright and stylish kitchen with subway tile backsplash, tasteful cabinetry, and a spacious island ideal for casual meals. A cozy living room, two bedrooms, a ¾ bath, and in-unit laundry complete the space. The upper unit (174) offers 3 bedrooms and 1 bath with an open-concept layout. The sunny kitchen and dining area flows into the inviting living room, while three well-sized bedrooms and a ¾ bath offer comfortable living. Each unit is separately metered for utilities, with only water and trash shared (covered by the landlord). Additional storage can be found in the full unfinished basement and the attic, accessible from Unit 174. Attic could also offer potential for another unit, if allowed per City of Burlington. Located just minutes from Church Street, the Burlington Waterfront, city parks, and public transportation, this well-maintained duplex is a rare find in the heart of the city. Occupied for the last 10+ years by owners, neighbors, and friends, the home is filled with happy memories. Don’t miss out on this fantastic opportunity!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $452,000 | $452,000 | $452,000 |
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 | $892 | $892 | $892 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,820 | $2,969 | $3,784 |
Total Monthly Payment | $3,804 | $3,953 | $4,768 |
* 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.