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Two parcels: 1 featuring a fully renovated 6-unit brick building, and another with a ready-to-build foundation. The stunning brick building has been incredibly transformed from the studs up with brand-new everything in 2024 from the sheetrock walls to the ceilings. Prepare to be captivated by the stunning curb appeal, featuring a revitalized exterior brick facade, sleek new siding, and a bold new gable roof. The new roof replaced the flat roof elevating its architectural charm. The new wide expansive windows invites abundant natural light, while the stylish black-framed doors add a nice contemporary touch. The upgrades extend to the mechanical systems, including new electrical wiring with recessed lighting, efficient mini-split heating, and professionally designed plumbing. Step inside to explore beautifully redesigned units featuring fully updated bathrooms, kitchens with stainless steel appliances, and premium flooring. Each unit showcases contemporary design with high ceilings, open-concept layouts, and character from stylish brick backsplash accents. Tenants love the newly built back decks, ideal for relaxing on summer days. The property features ample parking in the rear, fully paved with newly marked lines. The building is equipped with a new sprinkler&fire alarm system. There is nothing to do than to collect income with a potential ~9% cap rate, and 13. 12% CoC return. The 2nd parcel is approved for either a single or a duplex with 1 BRs. showings Sat May 10 & 12
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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---|---|---|---|
Loan Amount | $956,000 | $956,000 | $956,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.739% | 6.183% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,428 | $6,121 | $8,067 |
Total Monthly Payment | $5,553 | $6,246 | $8,192 |
* 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.