Rare opportunity! Don’t miss this exceptional investment in a 3-family property located within walking distance to the commuter rail and town center. This well-maintained property features 3 levels with a total of 15 rooms. The 1st and 2nd-floor units each have 2 bedrooms, a living room, kitchen, and dining room (optional 3rd bedroom or office). The versatile 3rd-floor unit includes 5 rooms and a furnace that’s only 2 years old. Other updates include replacement windows throughout, hot water tanks (3 years), roof and 1st and 2nd flr gas furnaces— completed within the last 10 years. Each unit has separate utilities, and there’s extra storage with 3 laundry hook-ups in the walk-out basement. Enjoy private back decks and a spacious backyard for added value and potential. The property also includes a 2-car detached garage and ample off-street parking. Whether you're an experienced investor or just starting, this property offers significant rental income potential in a desirable area.
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William Raveis Real Estate
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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 | $759,200 | $759,200 | $759,200 |
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 | 7.040% | 6.360% | 5.930% |
Monthly Tax Payment | $651 | $651 | $651 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,311 | $4,675 | $6,304 |
Total Monthly Payment | $5,054 | $5,418 | $7,047 |
* 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.