Attention investors and house hackers, here in beautiful historic Springfield is a newly renovated quadplex!! Spanning 9 bedrooms and 4. 5 bathrooms, all 4 units are fully remodeled and primed for immediate rental income. Extensive renovations from top to bottom ensure the next owner can invest with confidence. Currently, one unit is rented below market at $1, 195/month, while the remaining three units await new tenants at lucrative market rates, offering substantial rental income potential. For owner-occupiers, this presents an ideal house hacking opportunity with low down payment options via conventional financing (just 5% down!). As Jacksonville pumps major investments into the area, this property promises continued success, with plenty of untapped upside potential and appreciation in the near future.
*1% CREDIT TOWARDS CLOSING/BUYER RATE BUY DOWN AVAILABLE w/PREFERRED LENDER!* In addition to comprehensive cosmetic renovations inside and out, this property includes several standout features: a transferrable termite bond, updated plumbing, electrical systems, water heaters, and HVAC units. Furthermore, the roof is only 2 years old, ensuring long-term durability and minimizing maintenance costs for the new owner.
*BACK ON MARKET DUE TO BUYER FINANCING - NO FAULT TO SELLER!*
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$549,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $439,200 | $439,200 | $439,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $296 | $296 | $296 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,922 | $2,885 | $3,704 |
Total Monthly Payment | $3,310 | $3,273 | $4,092 |
* 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.