Stonington Borough, 3 Family with VIEWS of SANDY POINT, NAPATREE POINT, WATCH HILL, MONTAUK & BLOCK ISLAND all year round from ALL UNITS. Dont miss out on this Magnificent 3 unit Apartment building w/ a 2 CAR GARAGE & off street large PAVED parking. Rare to have 3 units, plenty of parking & a garage for your tenants. So many possibilities for investors, owner occupients or Airbnb w/ separate (oil) HEAT, HOT WATER & (circuit breakers) ELECTRICAL. Many updates throughout the yrs w/ roof, (2 units) heating, oil tanks, electrical, all sheetrock( no plaster), paint, garage doors, gutters, flooring & much more. Beautiful large porch in the back to sip your coffee or have a glass of wine w/views of the ocean. Nice vinyl fenced in level yard. 1st and 2nd floor units are identical w/ 2-3 bedrms, nice wide plank wood floors, big living rm(or could be 3rd bedrm), dining rm & full bath. 3rd unit is a 1-2 bedrm, Full bath w/skylight. Plenty of room to add porches to all units in the back to enjoy the views or expand the top floor unit. ALL units have a stove & refrigerator, Full nice & clean walkout basement w/ washer & dryer hookups for all units & sprinklers on all the heating systems. Plenty of storage space. Adorable front porch for access and egress for all units. Long term tenants in place w/month to month leases. Rental income can easily be 7k a month. Low maintenance w/CITY WATER & SEWER, LOW TAXES 4417 a year. NO FLOOD INSURANCE needed. Family owned for over 74 yrs. Don't miss out on this AMAZING 3 Family home. . . . . sqft is approx 3000 for the whole building
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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 | $712,000 | $712,000 | $712,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | $368 | $368 | $368 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,155 | $4,500 | $6,008 |
Total Monthly Payment | $4,615 | $4,960 | $6,468 |
* 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.