Welcome to 48 S Burritt St, an exceptional 4-unit multifamily property in New Britain, perfect for investors or owner-occupants looking to generate rental income while enjoying privacy. This well-maintained home provides a unique layout with the owner's unit featuring a private entrance and no units directly above or below-ideal for comfortable living with added seclusion. The property's layout includes two units on the first floor and two additional units on the second and third floors. Unit 1 providers versatility, functioning either as a spacious 2-bedroom or as a 1-bedroom with an open dining room, catering to flexible lifestyle needs. Unit 3, located on the second floor, also provides an adaptable layout that can be set up as a 3-bedroom or a 2-bedroom with an open dining area, thanks to the charming original pocket doors that add character and functionality. This property's thoughtful design and layout make it an excellent choice for owner-occupants seeking rental income or investors looking for a multi-unit property with strong rental potential. Positioned in a convenient neighborhood close to schools, shopping, and transportation, 48 S Burritt St combines the appeal of income generation with a comfortable, owner-friendly setup. Don't miss this opportunity to own a truly versatile multifamily home! **Best and Final is set for Wednesday 11/13/24 at 12pm **
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
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 | $319,200 | $319,200 | $319,200 |
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 | $848 | $848 | $848 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,124 | $2,122 | $2,737 |
Total Monthly Payment | $3,047 | $3,045 | $3,660 |
* 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.