Investors, double the value! Two well-maintained duplexes on two adjacent lots, sold as a package with a potential cap rate of 10. 9%. Both buildings complement each other beautifully, featuring excellent curb appeal with their young roofs and sharp siding. Small apartments no more, the first duplex offers spacious 3-bedroom units, ideal for maximizing per unit cash flow. Recent updates include modern stainless steel appliances, luxury vinyl flooring, and stunning hardwood floors. The second duplex features a one-bedroom unit and a spacious 3+ bedroom unit, both with contemporary finishes such as sleek gray cabinets, stainless steel appliances, and luxury vinyl flooring in the lower unit. Tenants will appreciate the convenience of in-unit washers and dryers, separate utilities, and ample parking. The location couldn't be better, with close proximity to the seacoast, lakes, and mountain region, along with easy access to Route 16, shopping, restaurants, and major highways. Act fast as this will not last. Delayed showings begin at the open house on Saturday, August 10, between 1-3Pm.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $639,840 | $639,840 | $639,840 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,311 | $4,253 | $5,396 |
Total Monthly Payment | $4,403 | $4,345 | $5,488 |
* 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.