Welcome to 27-29 Fourth Street, a large duplex located 3 blocks to downtown Dover's shops, dining, and entertainment venues, 1 block to the Amtrak station, plus convenient access to major highways - this property combines the best of location and practicality! This duplex is perfect whether you're an investor seeking to expand your portfolio with a reliable income stream, or looking for owner-occupied living with additional revenue potential. Highlights include a private, fully fenced yard for each unit, off-street parking, basement & attic storage, and spacious interiors including 3-bedrooms, 1. 5 baths, and laundry in each unit! The bright and inviting layouts are ideal for everyday living and entertaining and offer plenty of rooms for tenants or family members providing comfort and functionality. Both units are currently leased and have a strong rental history. Located in a highly desirable location this property checks all the boxes. Units are serviced by public water & sewer, and natural gas heat. Both furnaces replaced in 2017, new hot water heater in unit 27 in 2018, and new electrical panel in unit 29 in 2019. Don't miss your chance - schedule a showing today and envision the possibilities!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $496,000 | $496,000 | $496,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.802% | 5.990% |
Monthly Tax Payment | $806 | $806 | $806 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,217 | $3,176 | $4,119 |
Total Monthly Payment | $4,115 | $4,074 | $5,017 |
* 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.