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Welcome to 56 Leonard St, a well-maintained two family plus in law property in the desirable Belltown neighborhood. This investment opportunity features a 3-bedroom unit (rent: $3, 400/month), and two 1-bedroom units (currently rented at $2, 000 and $2, 100/month). The property offers: Total Living Area: 3642 sq ft. , Lot Size: 10, 018 sq ft, Year Built: 1923. Separate utilities for each unit. Detached garage with 3 parking spaces. Fenced in backyard. Additional rental income from garage and basement storage ($550/month). Financials: Annual Property Taxes: $10, 625, Net Operating Income (NOI): $82752. Located near schools, parks, and public transportation, this property combines suburban charm with urban convenience. A perfect investment or live-in opportunity!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.952.8600
Joseph.Mollica@raveis.com
NMLS Mortgage Loan Originator ID 130058
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $879,999 | $879,999 | $879,999 |
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% | 6.727% | 6.183% |
Monthly Tax Payment | $885 | $885 | $885 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $4,997 | $5,635 | $7,426 |
Total Monthly Payment | $6,007 | $6,645 | $8,436 |
* 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.