Amazing Multi-Family Investment Opportunity with tremendous Potential! Includes 2 parcels of land totaling . 52 acres with 4 units. Parcel 1 (#36) has a 1962 duplex, and each side has 2 beds/1 bath, Living Room, Kitchen and approx 500 Sqft. The duplex shares a basement and each unit has a new furnace, hot water tank in 2024 and a new 4-bedroom septic system installed in 2022. Parcel 2 (#38) has a 1938 Gambrel style Main House with front farmers porch and lots of original charm, beautiful solid wood doors & hardwood floors throughout. Living Room, Dining Room, Kitchen, 1/2 bath and mud room on the 1st floor with 3 bedrooms and 1 full bath upstairs totaling 1950 Sqft, a full basement and new furnace in 2024. The last unit is detached and connected by an open breezeway from the Main House and has 2 beds, 1 bath, with 528 Sqft. New hot water tank in 2024 and new septic installed in 2022. This particular unit does need updating. All units have year-round tenants. A new roof was installed on all units in 2015. Set in a prime Cape Cod Location!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,250,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
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 | $1,000,000 | $1,000,000 | $1,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.500% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.335% | 6.612% | 6.433% |
Monthly Tax Payment | $442 | $442 | $442 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,915 | $6,321 | $8,574 |
Total Monthly Payment | $6,482 | $6,888 | $9,141 |
* 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.