ATTENTION ALL INVESTORS & CONTRACTORS! This owner-occupied three family needs TLC but is a great investment opportunity awaiting the anticipated 2025 arrival of the NEW MBTA Commuter Rail line into New Bedford. Three bedrooms are located both on the first & second floors, along with 2 additional bedrooms on the third floor. All three units have hardwood floors throughout, along with high ceilings, nice built-in cabinets, & relaxing Living Rooms. Current main first floor BR was originally used as a parlor, but now has been tastefully updated. First and second floors are heated by oil & the third floor is heating by a space heater. Exterior vinyl siding, fenced corner lot, & backyard patio.
Basement:
Full, Interior Entry, Concrete, Unfinished
Lot Description:
Corner Lot
Amenities:
Public Transportation, Shopping, Park, Sidewalks
Elementary School:
Parker School
High School:
New Bedford Hs
32-34 Mailtland Street, New Bedford, MA, 02740
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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