WELCOME TO AN OUTSTANDING INVESTMENT OPPORTUNITY IN THE HEART OF BARRY SQUARE, SOUTHEND HARTFORD. A BEAUTIFUL BRICK MIXED USE BUILDING KNOWN AS THE HAMMERSMITH LUXURY APARTMENTS ATOP A NOW POPULAR CONNECTICUT GRAB & GO EATERY - SOUL BOWLS! THIS PROPERTY SITS IN AN AMAZING LOCATION, EMPHASIS ON THE 50' STREET FRONTAGE AND CORNER LOT WITH HIGH VISIBILITY FROM NEIGHBORHOOD FOOT TRAFFIC & 12, 200 VEHICLE TRAFFIC ON A BUSY URBAN AREA. THE THREE FIRST FLOOR STORE FRONTS WERE ONCE A VARIETY OF BUSINESSES IN THE PAST; BUT NOW CATER TO A SUCCESSFUL BUSINESS THAT IS SCALING TO SEVERAL MORE LOCATIONS. KEEP THEM AS A TENANT OR SEE THE VISION FOR YOUR BUSINESS GROW HERE TOO! ALL SIX APARTMENT UNITS ARE RENTED AND AVERAGE NO MORE THAN 3 DAYS ON MARKET TO FILL ANY VACANCY. WHETHER AN OWNER OCCUPIED INVESTOR OR AN INVESTOR LOOKING FOR A GREAT PROPERTY TO ADD TO THEIR PORTFOLIO, THIS IS THE ONE!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
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Our Executive Mortgage Banker:
Our Insurance Division:
For homebuyers and sellers, our Attorney Network:
$849,000
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 | $679,200 | $679,200 | $679,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $1,475 | $1,475 | $1,475 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,803 | $4,127 | $5,595 |
Total Monthly Payment | $5,369 | $5,693 | $7,161 |
* 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.