Great investment Opportunity! Come check out this 2-Unit multifamily home at 113 May Street in the 01602 area code-- directly across from Big-Y! Discover this charming 2-unit multifamily home in a prime Worcester location, ideal for investors or those looking to live in one unit while renting the other. Each unit features 2 bedrooms and 1 bathroom, along with a sunroom -- offering spacious living areas and beautiful hardwood floors. Currently Unit 1 features earthy tones that give off a homey, warm feel, and unit 2 offers light and bright updates. Enjoy separate entrances for added privacy, a full basement for extra storage and laundry facilities, and convenient off-street parking. Located just minutes from Worcester State University, this property is also conveniently near public transportation, shopping, dining, and parks, enhancing its appeal in this vibrant community. Don’t miss out on this fantastic opportunity—schedule a showing today or come check out the open house!
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William Raveis Real Estate
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William Raveis Mortgage, LLC
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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 | $391,920 | $391,920 | $391,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $507 | $507 | $507 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,381 | $2,381 | $3,097 |
Total Monthly Payment | $2,963 | $2,963 | $3,679 |
* 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.