Four Like New Mint-Move in Condition Rental Units. First Floor offers 3, 1Br/1Ba Efficiency Units and Second Floor offers a beautiful Furnished 3 Bedroom, 2 Bath Unit with all high end furnishings and fixtures. Highly desirable 10 Car Private Parking Lot in rear of property. 3, 577 Square Feet nestled on . 17 Acres. This amazing property is Serviced by Municipal Water and Sewer, each unit has a propane heating/cooling system. This property is located in the LS-5 Commercial Zone and steps to Downtown Mystic, Deep Water Marinas, Fine Dining and Mystic Train Station. Building has a 15 exterior ADT surveillance camera system. ADT alarm system upstairs. Live upstairs as a primary or vacation home and rent the 3 units below, or, Rent all units short term or long term - Many uses. Excellent income potential, location, condition and parking. All high end furnishings and fixtures in the 3BR/2BA unit on second floor including a Wolf Stove and Sub Zero Refrigerator. All units have surround sound in every room. Live a Dream in Beautiful Mystic, CT! Excellent Location and Investment. Upstairs Apartment has it's own Laundry Room. The 3 Bottom units share a common laundry outside of property. Second Floor 3BR unit is fully furnished. 3 First Floor units are not furnished. Efficiency units square footage is approximate. Upstairs apartment has it's own laundry room. The 3 bottom units share a common laundry. Efficiency square footage is approximate.
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Frank.Kolb@raveis.com
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 | $1,996,000 | $1,996,000 | $1,996,000 |
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 | $886 | $886 | $886 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,648 | $12,616 | $16,843 |
Total Monthly Payment | $12,659 | $13,627 | $17,854 |
* 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.