Welcome to 27 Frederick St, Waterbury, CT-a property bursting with possibilities and charm, perfect for investors or those looking to create a multi-generational living space. This expansive home currently offers 7 bedrooms and 2. 5 baths. On the 1st floor, you're greeted by a grand foyer that opens into a large living room with a classic fireplace. Down the hall, you'll find a spacious kitchen, a laundry room, and a large master bedroom. The half bath on this level could easily be converted into a full bath, and there's even potential to add an extra room. Just off the kitchen, a door leads to the back deck, providing access to the backyard and the 1-car garage. The 2nd floor is a fantastic opportunity to convert back into a separate unit, as it already has a second exit in place. Once completed, this level can include a kitchen, living room, bathroom, and two bedrooms, making it an ideal rental unit or private living space. Currently, featuring - a full bath with four large bedrooms. The 3rd floor boasts two additional rooms and a full bathroom, perfect for turning into a studio apartment or additional living quarters. The possibilities are endless! On a corner lot with ample off-street and on-street parking and a fenced yard offering privacy and space for outdoor activities. This property is truly a blank canvas for those looking to add value and maximize returns with its flexible layout, rental potential, and prime location. Note, currently zoned as a 1 family, MLS 24057246
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $220,000 | $220,000 | $220,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $266 | $266 | $266 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,464 | $1,462 | $1,886 |
Total Monthly Payment | $1,805 | $1,803 | $2,227 |
* 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.