The New Year is your opportunity to own the largest 3 Family in Meriden! Turn-Key 5, 000+ sqft w/ oversized detached 3 car garage. Great investment opportunity or perfect for an owner-occupant! All units were fully renovated in 2020 and professionally managed. New kitchens w/ granite countertops, SS appliances including dishwashers, updated bathrooms, electrical, plumbing, and forced hot air furnaces. New windows throughout, stunning hardwood floors, LVP, and tiled bathrooms. All units have laundry/storage rooms in-unit. Rents below market, potential for nearly $6, 000/mo income including the garage rent. For this holiday season give yourself the gift that keeps on giving! A turn-key asset. List agent has a financial interest. List agent has a financial interest. 3rd floor and basement access only until offer is accepted. All units have similar layout/condition.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
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 | $399,920 | $399,920 | $399,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $658 | $658 | $658 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,694 | $2,658 | $3,373 |
Total Monthly Payment | $3,427 | $3,391 | $4,106 |
* 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.