Great investment opportunity available. This property contains six 1 bedroom/ efficiency apartments. The six units are fully rented with the tenants paying their own utilities. The heat, hot water, and stoves are natural gas. Each tenant has their own electric and gas meter. Some recent updates include newer sewer lines and gas water heaters. There is also a possibility to expand and finish off a 7th unit on the third floor. This property has ample off street parking and also a one bay garage/barn for storage or additional rental income.
Garage:
1-car Detached Garage, Paved, Off Street Parking, Assigned Parking
Heating:
Baseboard, Hot Water
Basement:
Partial, Unfinished, Hatchway Access, Interior Access, Concrete Floor
Lot Description:
Corner Lot
Elementary School:
Per Board of Ed
High School:
Per Board of Ed
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Listing courtesy of Heather Meehan, Meehan & Daughters Real Estate Email: heather@meehanrealty.com
13 Spring Street, Windham, (Willimantic), CT, 06226
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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