Step inside this long-time, family-owned 2-family home located in the heart of Fall River. This property represents a fantastic opportunity for an investor or an owner-occupant seeking a well-maintained, income-producing asset in a desirable location situated on a cul-de-sac. Each unit offers a generous-sized living area each with 3 bedrooms, 1. 5 baths, a living room, a dining room, a spacious kitchen, & an unfinished basement with washer & dryer connections. Some key features include a new roof (2017), high efficiency heating systems--Unit 10 (2016) & Unit 12 (2020), separately metered gas (2) electric (2) & water (2), a maintenance-free exterior w/rear P. T. decks, a fenced-in yard w/shed, & off-street parking. Unit 10 (left side only) will be delivered vacant at closing. More photos to come for Unit 10. Unit 12 is a TAW & pays own gas & electric. Current rent is significantly under market for City of Fall River. FIRST VIEWING AT OPEN HOUSE SAT. , OCTOBER 5TH, 11 A. M. TO 12: 30 P. M.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
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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 | $380,000 | $380,000 | $380,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.512% | 6.273% | 5.248% |
Monthly Tax Payment | $397 | $397 | $397 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,371 | $2,309 | $3,003 |
Total Monthly Payment | $2,843 | $2,781 | $3,475 |
* 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.