Your next investment is located here in the Upper Albany section of Hartford! This 3 unit property is currently mixed use. The first floor is an operational salon, the 2nd floor is a 2 bedroom unit, and the 3rd floor is a 2 bedroom unit. Both the second and third floor apartments have updated floors, kitchens and bathrooms. Salon owners interested in purchasing can take immediate advantage of the property as it comes with all of the equipment and fixtures. There are 7 styling stations and 2 barbering stations. Investors can take advantage as well and rent out the stations per chair. Alternative the first floor can be converted back into an apartment. The 2nd and 3rd floors are leased month-month. There are mini-splits on the first floor to provide air conditioning. Natural gas powered radiators heat 1st and 2nd floor. Electric baseboard on the 3rd floor. AC via mini splits on 1st floor only. No AC on 2nd/3rd floors.
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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 | $304,000 | $304,000 | $304,000 |
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 | $1,064 | $1,064 | $1,064 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,023 | $2,020 | $2,564 |
Total Monthly Payment | $3,162 | $3,159 | $3,703 |
* 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.