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Don’t miss this incredible opportunity for an income property right in Concord! This 2-unit multi-family home is ideal for owner-occupancy plus rental income, or simply lease out both apartments. The location has it all: restaurants, shopping, the new Concord Community Center, and sits right on the public transportation route that heads directly downtown. Both units feel like a single family home thanks to their layout and the property’s outdoor amenities. The first floor has two large bedrooms; one with hardwood floors and high-end details like french doors, and the other features updated carpet and lots of natural light. The eat-in kitchen includes an updated stainless steel refrigerator and stove. In addition to the main living room, there’s a bonus sitting room, back deck and 3-season porch. And, the garage enters right into the sitting room. Upstairs, you’ll find another 2BR apartment with hardwood floors throughout and newly added mini-splits to stay comfortable through all seasons. Just like downstairs, the kitchen is big enough for a dining table. For storage options, there’s the separate laundry room plus a small room off the hallway. This modern cape-style home has such curb appeal! It’s set back from the road with a beautiful front lawn featuring manicured shrubs, perennials and a majestic pine tree. The expansive back yard is peaceful & secluded - perfect for relaxing, or playing! OFFER DEADLINE TUESDAY AT 12PM.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $311,920 | $311,920 | $311,920 |
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% | 7.050% | 6.132% |
Monthly Tax Payment | $605 | $605 | $605 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,946 | $2,049 | $2,611 |
Total Monthly Payment | $2,626 | $2,729 | $3,291 |
* 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.