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INVESTORS TAKE NOTICE! This is your chance to own a versatile multi-family property with strong income-producing potential in a desirable in-town location. Whether you're expanding your rental portfolio or looking for a hybrid personal/investment property, this gem checks all the boxes. This antique home sits in the Village Commercial District, a perfect setting for Airbnb or long-term rentals. Historically a two-family home, architectural drawings are available to convert it into a three-family property (with town approval). Recent Upgrades and renovations include: removal of knob and tube wiring-2nd floor, basement sealed and updated with new drainage system, second unit gutted to the studs & ready for your design. First floor features a move-in ready 2 bed 1 bath apartment with tasteful updates and modern charm. Comes furnished for immediate rental income-ideal for AirBNB or traditional tenants. 2nd floor is ready for transformation into a spacious 3 bed bath apartment. With the hard work completed-demo, this unit is a blank canvas for your vision. Bonus space above the garage gives potential for a studio apt. adding yet another stream of income. With superb short-term rental, close to the lake & shops and updated infrastructure you will have piece of mind. Whether you are looking to house-hack, rent out or fully develop into a triplex, this property is a rare find in a high-demand location. Schedule a showing to explore the potential this property has to offer.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $396,000 | $396,000 | $396,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.360% | 7.290% | 6.404% |
Monthly Tax Payment | $205 | $205 | $205 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,701 | $2,668 | $3,368 |
Total Monthly Payment | $2,981 | $2,948 | $3,648 |
* 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.