Located in an unbeatable Winooski location, this duplex is just moments away from the vibrant Winooski Circle, home to many locally favored restaurants, bars, and shopping options. Enjoy year-round outdoor recreation at the nearby Winooski River Walk and Winooski Nature Trail. With easy access to Burlington, Colchester, and a short commute to colleges as well as a UVM Medical Center, this property is ideally situated for various lifestyles, making it a great property to owner-occupy or to have as an investment. The duplex features two 1-bedroom units, each with its own full bathroom. Unit 1 is currently rented and offers the potential for updates. Unit 2 is charming with nice upgrades and has been successfully used as a lucrative Airbnb as well as a short/long-term rental for visiting nurses. Unit 2 also comes with the option to purchase fully furnished, making it easy to restart as a short-term or long-term rental property. Each unit includes one parking space. Don't miss the opportunity to view this fantastic property - schedule a showing today!
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William Raveis Mortgage, LLC
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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 | $279,200 | $279,200 | $279,200 |
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 | $558 | $558 | $558 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,858 | $1,856 | $2,355 |
Total Monthly Payment | $2,491 | $2,489 | $2,988 |
* 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.