Prime Investment Opportunity in Asylum Hill! Welcome to a lucrative venture in the heart of Hartford's vibrant Asylum Hill! Presenting an exceptional chance to own not just one, but 68 units nestled in an unbeatable location, just moments away from key amenities such as bus lines, hospitals, and the bustling Downtown Hartford. This extraordinary property boasts five stunning brick buildings with a diverse unit mix ranging from cozy studios to spacious 4-bedroom townhouses, offering something for everyone. With card-operated laundry facilities in each building, secure gated parking, and a tenant-friendly electric billing setup, managing this investment is a breeze. Several units currently immediately available allow new owners to unleash their vision, whether it's continuing the remodeling journey or handpicking the perfect tenants. Originally gutted to the studs in the 1980s, this property has seen continuous improvement and modernization, making it a solid investment opportunity with endless potential. Don't miss out on this golden opportunity to make your mark in the thriving Hartford real estate market? Seize it now and unlock the potential of this remarkable investment gem!
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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 | $4,479,200 | $4,479,200 | $4,479,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | $3,319 | $3,319 | $3,319 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $25,432 | $27,579 | $37,196 |
Total Monthly Payment | $28,876 | $31,023 | $40,640 |
* 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.