This duplex in Putnam offers a fantastic opportunity for investors and those seeking a multi-unit property. With two spacious three-bedroom, one-bathroom units, a full basement, porches, and ample parking, this fixer-upper presents a blank canvas for your renovation vision. Putnam, a charming town nestled in the Quiet Corner of Connecticut, offers a peaceful and inviting atmosphere. Explore the historic Putnam Museum, enjoy outdoor activities at Putnam Pond or the Putnam State Forest, or indulge in the local dining scene. With its proximity to other Connecticut towns, Putnam provides a convenient location for commuting and exploring the region. Seize the potential. This duplex presents an excellent opportunity to create rental income or comfortable living space. Renovate the units to your desired standards, capitalize on the growing rental market in the area, or live in one unit while renting out the other for added income. The full basement offers additional space for potential development, subject to permits and feasibility. ** All potential Buyers are requested to check with the City, County, Zoning, Tax, Schools, Association, and other records to determine all details on this property listed above to their satisfaction. The Buyer is responsible for performing their due diligence before bidding, as the high bidder will receive an "AS-IS" CASH ONLY contract with no contingencies, inspections, or warranties. **NO VIEWINGS OF THIS PROPERTY DUE TO CONDITION**
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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 | $123,280 | $123,280 | $123,280 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $482 | $482 | $482 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $820 | $819 | $1,057 |
Total Monthly Payment | $1,377 | $1,376 | $1,614 |
* 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.