GREAT MULTI-FAMILY OPPORTUNITY! BRAND NEW 2024 4-UNIT BUILDING in a bustling Roxbury/Dorchester neighborhood—AVAILABLE NOW! Perfect for investors or owner-occupants. These luxury, condo-quality residences feature top-tier finishes, extra large layouts, central air, high ceilings, exceptional craftsmanship, recessed lighting, spa-inspired bathrooms, gourmet kitchens, expansive outdoor decks, and ample parking. Projected to generate $200K in annual gross income with low expenses, making it a superb investment or a prime 1031 Exchange opportunity. This is also ideal for those who wish to reside in one unit while leasing the others. Conveniently located near public transit, major highways, and plentiful dining and shopping options, with an easy commute to Downtown Boston, Back Bay, and major universities. An adjacent new construction 4-unit building is also for sale—purchase one or both! Contact for details.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,895,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,516,000 | $1,516,000 | $1,516,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.748% | 6.396% | 6.036% |
Monthly Tax Payment | $1,122 | $1,122 | $1,122 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,608 | $9,334 | $12,691 |
Total Monthly Payment | $9,855 | $10,581 | $13,938 |
* 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.