This charming multi-family home is back on the market because the Buyers were unable to secure financing. Nestled in the picturesque New England village of Riverton, directly across from the scenic Farmington River, this property offers a unique blend of tranquility & convenience w/ the historic Riverton General Store, Riverton Inn, & Riverton Fairgrounds just a short stroll away. This beautifully remodeled home is divided into two side-by-side units making it perfect for multi-generational living, rental income or a combination of both. The larger unit features 3 spacious bdrms & 1 1/2 bths while the 2nd unit offers 2 bdrms & 1 1/2 bths each thoughtfully updated to provide modern comfort. Both units boast brand-new kitchens & baths equipped w/ the latest fixtures & appliances ensuring a move-in-ready experience for the new owners or tenants. The property spans 2. 2 level acres providing ample space for outdoor activities & future expansion. A barn/carriage house on the property offers a unique opportunity for restoration whether you envision it as a workshop additional living space or storage. This home is an outdoor enthusiast's paradise, offering year-round activities such as fishing, kayaking & hiking right at your doorstep. Additionally, for investors this property presents an attractive opportunity w/ significant potential for a strong CAP rate. Whether you're looking for a serene retreat or a savvy investment this Riverton gem is not to be missed
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $351,920 | $351,920 | $351,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $512 | $512 | $512 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,431 | $2,371 | $2,994 |
Total Monthly Payment | $3,018 | $2,958 | $3,581 |
* 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.