Turnkey Investment Opportunity in the Heart of the Behind The Rocks Neighborhood Discover this fully rented, updated 3-family home in the desirable Behind The Rocks neighborhood. With a total of 9 bedrooms across three units, this property offers strong rental income potential. Each unit features separate utilities, making it a breeze for tenants to manage their own expenses. Heating and hot water are powered by efficient natural gas, ensuring cost-effective operation for the property. Recent updates include fresh painting and new flooring throughout, enhancing the modern appeal of each unit. The exterior boasts durable vinyl siding for low-maintenance living and long-term durability. A standout feature of this property is the oversized 3-car garage, providing ample storage or additional rental income potential. The large fenced-in backyard offers privacy and outdoor space for tenants to enjoy. Centrally located, this property is within walking distance to Rocky Ridge Park, Trinity College, and major shopping malls. Tenants will appreciate the convenience of nearby amenities and easy access to transportation routes. Whether you're a seasoned investor or new to real estate, this turnkey 3-family home presents an incredible opportunity to own a property in a prime location with strong rental demand. Schedule your showing today and secure your place in this thriving neighborhood!
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William Raveis Real Estate
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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 | $343,920 | $343,920 | $343,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.250% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.386% | 6.623% |
Monthly Tax Payment | $540 | $540 | $540 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,288 | $2,346 | $2,972 |
Total Monthly Payment | $2,903 | $2,961 | $3,587 |
* 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.