2 for 1 DEAL! 383 SHELTON ST ALONG WITH 123 READ ST PRESENTS AN EXCELLENT INVESTMENT OPPORTUNITY - Rare find! Mixed-use property with a convenience store in need of total rehab. This property is perfect for investors looking to restore and redevelop for potential long-term gains. Located in a high-traffic area, this property offers great visibility and accessibility for businesses. Whether you are looking to renovate and lease out the units or redevelop for a new purpose, this property has endless potential. Don't miss out on this chance to explore the possibilities of this unique investment opportunity. 383 Shelton St at one point offered a convenience store on the 1st floor and 2 apartments on top. 123 Read St offers 2 apartments and a 1 car garage. Located blocks away from Albertus Magnus College and Dixwell Ave this jewel is convenient to public transportation, Yale shuttle, shopping and downtown New Haven. Don't miss out! SOLD AS IS WHERE IS. INSPECTION FOR INFORMATIONAL PURPOSES ONLY
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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 | $440,000 | $440,000 | $440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $773 | $773 | $773 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,927 | $2,924 | $3,711 |
Total Monthly Payment | $3,792 | $3,789 | $4,576 |
* 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.