Presented byThe Art Rose Team |
Exceptional Investment & Owner-Occupant Opportunity at 43 Sherman Street! This meticulously maintained two-family home offers an incredible opportunity for both investors and owner-occupants alike. With a wealth of recent upgrades and modern touches, this property is ready for immediate occupancy and presents excellent potential for rental income. Key updates include an oil-to-gas conversion (2019), a new AC condenser for central air (2020), a new Heil furnace (2019), a Navien tankless boiler with baseboard heating (2019), a new water heater (2022), as well as vinyl siding and a Trex deck (2022). The electrical system and both bathrooms have also been thoughtfully updated. Unit 1 features an inviting kitchen with tile floors that seamlessly leads into the open living room, which boasts hardwood floors and a ceiling fan. Two bedrooms and a full bathroom sit adjacent to the living room. The large primary bedroom features ample closet space and private access to the front enclosed porch. The second bedroom offers a walk-in closet for added storage. An updated full bathroom and the addition of central AC complete the first-floor unit, ensuring comfort year-round. Unit 2 mirrors the layout of Unit 1 with a very similar floor plan. It includes an open and airy living room that leads to the front door, providing separate access for additional privacy. Two well-sized bedrooms, a full bathroom, and the same modern comforts make this unit equally appealing for tenants or family members The basement offers laundry hook-ups and plenty of additional storage space. The newer mechanical systems in both units provide peace of mind for years to come, ensuring both units run efficiently. The exterior of the property is equally impressive. The two-bay garage offers significant additional storage space, with the potential for even more rental income or space for personal use. Located in a desirable neighborhood with easy access to local amenities, public transportation, and major roadways, this home presents a rare opportunity to own a well-maintained, income-producing property in a prime location. Whether you're an investor seeking a turn-key rental or an owner-occupant looking for extra income, 43 Sherman Street has it all. Don't miss out on this fantastic opportunity - schedule your private showing today!
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NMLS Mortgage Loan Originator ID 1014636
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $284,720 | $284,720 | $284,720 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.000% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.182% | 6.412% |
Monthly Tax Payment | $358 | $358 | $358 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,894 | $1,894 | $2,422 |
Total Monthly Payment | $2,327 | $2,327 | $2,855 |
* 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.