Presented byAnn Rosati |
Unique opportunity for investors to purchase this residential exceptional well maintained total of 6 units as a package of (5) 1. 5 bath townhouse style condominiums and one 2 bedroom unit. The one bedroom units features modern open layouts with pergo floors on the first floors and carpeting in bedrooms on the second floor plus large private balcony. The 2 bedroom unit has W/W carpeting. The 2 bedroom unit is in building B 664 Main ave address. Some of the units has ben updated and the new owners has a benefit of adding value through additional upgrades to increase current rents to current market. Town line condominium complex are conveniently located right on the Wilton line offering easy access to major transportation, restaurants and shopping. Prime rental location, opportunity to purchase in bulk at below the cost of comparable individual sales. Tenants responsible for heat, A/C and electric. Large basement for individual storage units for tenants. Current rent is below to comparable market rents. Opportunity to renovate units to achieve higher rents flow. Town Line complex consist of total 43 units compromised of 12 retail and 31 residential units. 18 units investors owned 24 units owner occupied
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$1,595,000
Sales Associate
William Raveis Real Estate
Phone: 203.515.8022
Ann.Rosati@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.2006
Francine.Silberman@raveis.com
NMLS Mortgage Loan Originator ID 69244
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.5535
Mace.Rattet@raveis.com
NMLS Mortgage Loan Originator ID 69957
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,276,000 | $1,276,000 | $1,276,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $1,730 | $1,730 | $1,730 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,245 | $7,961 | $10,682 |
Total Monthly Payment | $9,100 | $9,816 | $12,537 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.