Seize this rare opportunity to invest in an exceptional multifamily property located in the thriving Parkville Neighborhood of Hartford. This meticulously maintained asset is perfectly positioned in a highly sought-after area, characterized by robust demand for rental properties and supported by ongoing economic growth, transportation upgrades, and local business expansions. The property features a modern and sophisticated design, boasting brand new construction with high-end finishes like hardwood floors, granite countertops, energy-efficient appliances, and elegant fixtures that create an inviting living environment. With a diverse unit mix of four well-appointed units, this property appeals to a wide range of tenants, ensuring consistent occupancy and strong cash flow. It currently reflects exceptional tenant demand and reliable rental income. The recent upgrades, modern heating systems and revitalized units & common areas, elevate tenant satisfaction while minimizing future maintenance costs. Investors will also find significant value-add potential through strategic rent increases or the introduction of desirable amenities. In a booming market with unprecedented multifamily demand, this property stands out as a premier investment opportunity that combines location, quality, and performance, offering not just a promising financial return but also a secure investment. in a prosperous future. Act quickly, opportunities like this are rare and won't last long! To extend the lifespan of the foundation and to prevent leaks, the basement floor and walls were just repaired with plastic and cement by a licensed contractor. Plastic was placed below the 4 inches of concrete.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $500,000 | $500,000 | $500,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $911 | $911 | $911 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,453 | $3,369 | $4,253 |
Total Monthly Payment | $4,456 | $4,372 | $5,256 |
* 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.