*TURN KEY INVESTMENT* Fantastic, desirable location, The old Chippens Hill St school has been completely renovated in 2019 and turned into 4 beautiful apartments. 1st floor has two 2 bedroom apartments, lower level has two 1 bedroom apartments. Very low maintenance investment. Each tenant pays their own utilities. Each apartment has their oven range, microwave, refrigerator, dishwasher, washer, dryer and central air. Completely up to code, the property is handicap accessible with exterior ramp, and 1 handicap apartment. It is also equipped with sprinklers, hardwired fire alarm, and conveniently located nextdoor to the Chippens Hill fire house. Exterior lights have been updated to come on only when needed, keeping owners meter at a minimal expense. Garbage and recycling is included in taxes, no separate service required. All you need to do is hire someone to clear snow, mow and collect the rents! There is a TAX FREEZE in place at ~$2700/year until 7/2024
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
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 | $791,920 | $791,920 | $791,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | $1,056 | $1,056 | $1,056 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,621 | $5,005 | $6,683 |
Total Monthly Payment | $5,769 | $6,153 | $7,831 |
* 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.