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16 Franklin Street, Brandon, VT, 05733 | $699,000
Welcome to Franklin St in the heart of Brandon! This is a very large property that offers a great opportunity to occupy or add to your portfolio. If occupying with 10% down it is estimated that your cost would be just over $2k/month at current rates to live in the large four bedroom two bathroom unit off the back of the building. that includes taxes, insurance water, sewer, plowing, and rubbish removal. When/if interest rates fall to 5% you could live in this gorgeous 1900 square-foot plus unit for less than 1500/month. The other two units rented at $1, 650 can help to offset your monthly payments. For the investor, you could see an annual return around 11% at current rates and about 23% when interest rates go to 5%. This property offers 3 nicely appointed units. The 2nd floor of this unit has the remaining bedrooms and second bathroom. All rooms are well sized and offer plenty of space. You can also enjoy the deck off the back to enjoy relaxing and making meals outside. The second unit located on the first floor is a three bedroom and one bathroom that is currently rented. The third upstairs unit has been recently updated with new kitchen cabinets and countertops offers two large bedrooms and one bathroom. The tenants pay all utilities helping to keep operating costs low. The property also has a large outbuilding for storage. The tenants have storage access to part of the building and an owner can utilize the rest for a shop or storage. Connect with your local agent today!
Features
- Bedrooms: 9
- Baths: 4 full
- Units: 3
- Style: Multi-Family
- Year Built: 1880
- Heating: Propane,Baseboard
- Cooling: None
- Basement: Unfinished
- Approx Sq. Feet: 4,320
- Acreage: 0.41
- Est. Taxes: $3,403
- Lot Desc: Sidewalks
- MLS#: 5003027
- Website: https://www.raveis.com
/prop/5003027/16franklinstreet_brandon_vt?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/21/2024Listing courtesy of Flex Realty Phone: 802-399-2860
Listing Agent: Flex Realty Group
William Raveis Family of Services
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888.699.8876
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Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 793093
203.415.2989
Brian.Skelly@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
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Our Insurance Division:
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
16 Franklin Street, Brandon, VT, 05733
$699,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Brian Skelly
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $559,200 | $559,200 | $559,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
| Monthly Tax Payment | $284 | $284 | $284 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,720 | $3,717 | $4,716 |
| Total Monthly Payment | $4,096 | $4,093 | $5,092 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484