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Charming and Fully Rented 3-Family located in the heart of East Rock, this Well-Maintained and updated multi-family property offers a fantastic opportunity. In addition to three fully leased residential units, the property features seven garages and sits on a generous 0. 21-acre lot, which may allow for an as-of-right fourth unit-(buyers should verify with the building department). The first and second floor units each offer 1, 161 square feet with a classic layout that includes a living room, eat-in kitchen with pantry (w/ Dishwashers), three bedrooms, and a full bath. The second-floor kitchen was recently renovated with quartz countertops and new cabinets. Hardwood floors and original molding highlight the charm of the home's era. The third-floor unit features a more contemporary design with vaulted ceilings, an open-concept kitchen and living space, one bedroom, and a full bathroom. All units include central air and are filled with natural light. The backyard offers a shared deck and patio area, ideal for grilling or relaxing outdoors. The oversized lot also provides ample paved off-street parking. Located near Yale University, local shops, cafes, parks, fitness center, brewery, pizza and markets, also within the Yale Homebuyer Program area, this property is an excellent long-term value in one of New Haven's most desirable neighborhoods.
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William Raveis Mortgage, LLC
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $716,000 | $716,000 | $716,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.750% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.712% | 6.865% | 6.435% |
Monthly Tax Payment | $1,325 | $1,325 | $1,325 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,178 | $4,644 | $6,139 |
Total Monthly Payment | $5,595 | $6,061 | $7,556 |
* 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.