New opportunity to acquire a well maintained three-unit property located in the heart of Manchester. This building is ideal for an owner occupant or new investor looking to grow their portfolio. Each unit has 2 bedrooms and 1 bathroom with the first and second floor units currently vacant allowing a new owner the opportunity to find their next residents or occupy themselves. The first-floor unit has been beautifully renovated with hardwood floors, new appliances, new fixtures and more. The other apartments have been renovated under the current ownership and all major capital items have been addressed. Each apartment has separate utilities with individual natural gas heaters making management a breeze. There is one on-site parking space available in the rear of the property along with coin-operated laundry in the basement. Open house Sunday 9/15 from 11am-1pm.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $439,200 | $439,200 | $439,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.616% | 7.055% | 6.256% |
Monthly Tax Payment | $594 | $594 | $594 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,959 | $2,885 | $3,704 |
Total Monthly Payment | $3,645 | $3,571 | $4,390 |
* 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.