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Take advantage of this investment opportunity in Claremont, featuring a fully occupied five-unit multifamily property with strong rental performance. The unit mix includes two 1-bedroom, two 2-bedroom, and one 3-bedroom apartment—appealing to a range of tenants. The property has been well maintained, with recent updates to Unit 4, including new kitchen finish, appliances, flooring, and interior paint. Unit 3 has received new paint, fixtures and kitchen updates. The building exterior has been recently painted. Residents benefit from ample paved parking and a large backyard that borders St. Mary’s School grounds. Separate electric meters for each unit for ease of maintenance. Located within walking distance to downtown Claremont’s shops, dining, and recreational spots, this property offers immediate income with room for growth through potential rent increases—an excellent addition to any investment portfolio. Part of a 19 unit rental portfolio. Seller is a licensed realtor.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $360,000 | $360,000 | $360,000 |
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 | 7.007% | 7.063% | 6.132% |
Monthly Tax Payment | $810 | $810 | $810 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,246 | $2,365 | $3,014 |
Total Monthly Payment | $3,131 | $3,250 | $3,899 |
* 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.