Discover this exceptional two-family residence, featuring four spacious bedrooms, in good condition with numerous updates. Perfectly suited for both owner-occupants and investors, this property offers a blend of comfort and opportunity. The home is well-maintained and has received recent improvements, ensuring a move-in ready experience with modern conveniences. Efficient natural gas heating and hot water systems keep utility costs low. Tenants pay their own utilities, simplifying management and enhancing profitability. With month-to-month leasing, the property provides flexibility for future plans, whether you wish to continue receiving rental income or convert the units to owner-occupied. There is plenty of off-street parking, offering convenience for tenants and guests, which is a valuable feature in urban settings. The home is located near Trinity College, an attractive location for ensuring a steady rental market. Additionally, the double lot presents an exciting opportunity for expansion or new construction, adding value to the investment. This property is a rare find, combining immediate rental income with the potential for future growth. Don't miss the chance to own a versatile and profitable piece of real estate near Trinity College. Schedule a viewing and explore the possibilities!
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $195,920 | $195,920 | $195,920 |
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 | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $309 | $309 | $309 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,303 | $1,302 | $1,652 |
Total Monthly Payment | $1,687 | $1,686 | $2,036 |
* 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.