Renovated from top to bottom, this four-unit building in Northfield near Norwich University has undergone a complete transformation. Each apartment has been redesigned to offer both comfort and style, featuring new floors, windows, upgraded utilities, and modern heating systems. The updates extend to electrical and plumbing systems, porch railings, and even door locks, ensuring safety and convenience for tenants. Additionally, the property boasts a brand new 2-car garage with potential workspace and storage lean-to, complete with drainage and a water line ready for hookup. Off-street parking is available, providing one space per unit. The meticulous care taken with every aspect of the building and property over the years means it's move-in ready for its new owner. Currently owner-occupied, the building generates a solid income, which could be enhanced further by renting out the front apartment. It's an excellent opportunity to own a stylish and well-maintained rental property in a prime location. Don't hesitate to schedule a viewing before this opportunity slips away!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $390,400 | $390,400 | $390,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $551 | $551 | $551 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,663 | $2,595 | $3,292 |
Total Monthly Payment | $3,289 | $3,221 | $3,918 |
* 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.