This 2-family home is a fantastic opportunity for investors or homeowners looking for rental income! Each spacious unit features 2 bedrooms plus an additional bonus room—perfect for a home office, nursery, or creative space to suit your needs. The home boasts low-maintenance vinyl siding, updated windows, and a roof that was redone in 2003. The heating systems have been recently serviced, ensuring efficiency & peace of mind. The property sits on a beautifully landscaped, level lot, complete with rose bushes, a blueberry bush, a grapevine, rhubarb, and more—a gardener’s delight! The paved driveway comfortably accommodates up to 5 cars, and the delightful screenhouse offers a perfect spot to relax & unwind. Both units enjoy the luxury of private porches directly off the kitchen, adding to the home's charm and offering a great place to enjoy morning coffee or evening sunsets. The property is currently vacant, providing immediate flexibility—live in one unit and rent out the other, or rent out both for excellent return on investment. With some cosmetic updates and the potential for additional living space on the expansive 3rd floor, this home is filled with opportunity. While there are dry water stains on the 3rd floor, there are no known active leaks, and the property offers great potential with a little TLC. Due to the presence of some knob & tube wiring, this home will not qualify for FHA/VA financing. Showings start at the Open House this Saturday 9/28/24 from 10am-12pm noon!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $219,920 | $219,920 | $219,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.125% | 5.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.490% | 6.297% | 5.530% |
Monthly Tax Payment | $674 | $674 | $674 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,390 | $1,336 | $1,768 |
Total Monthly Payment | $2,139 | $2,085 | $2,517 |
* 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.