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Welcome to this well-maintained and upgraded three-unit multi-family property, offering an outstanding opportunity for investors and owner-occupants alike. Each unit is currently leased to established and dependable tenants, with all leases set to expire at the end of July, providing flexibility for a new owner to renew leases or move in. The spacious second floor unit features 2 bedrooms and a bonus room along with a full bathroom. On the first floor there are two one bedroom apartments with full bathrooms. Off street parking and a nice yard round out this income producing property. This solid building is in good condition, featuring a number of thoughtful upgrades that enhance both comfort and efficiency. With separate utilities for each unit, including individual heating and electrical systems, this property is easy to manage and ideal for maximizing income potential. Whether you're looking to live in one unit and let the others offset your mortgage, or continue to operate as a fully rented investment property, this is a turnkey opportunity you don’t want to miss.
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Our Executive Mortgage Banker:
Our Insurance Division:
$419,000
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 | $335,200 | $335,200 | $335,200 |
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 | $661 | $661 | $661 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,091 | $2,202 | $2,806 |
Total Monthly Payment | $2,827 | $2,938 | $3,542 |
* 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.