19 Cambridge Street, a fantastic investment opportunity in the heart of Meriden! This 3-family property is perfect for investors or owner-occupants looking to generate rental income. Each unit is thoughtfully designed with separate entrances, offering privacy & convenience for tenants boasting approx. 4, 000 sq ft. Located on a side street, property is within walking distance to amenities, schools, parks & public transportation with easy access to major highways, making commuting a breeze. Additional highlights include off-street parking with a large paved driveway and a 3 car detached garage, an easy to maintain backyard & a full basement for storage with new bilco door. The breakdown - The 1st floor is a 3 bedroom, fully renovated with a brand new kitchen(new cabinets, new granite countertops and stainless steel appliances), gutted to the framing new bathroom, gleaming hardwood floors and in-unit laundry room. The 2nd floor is a 2/3 bedroom which is rented out under market value to long term tenants ($1, 200 -should be $1, 700) hardwood floors & in unit laundry room. The 3rd floor is a 2 bedroom, renovated with a brand new kitchen including new cabinets, new countertops and stainless steel appliances & gleaming hardwood floors w/new basement laundry hook ups. 1st floor gas furnace is brand new 2024 & 2nd floor gas furnace 2021, parts replaced, re wired 2024. Whether you're expanding your portfolio or looking for a home that earns while you live, 19 Cambridge St is a must see. (The 2nd floor uses the 2 left garage bays) 3rd bay could be rented out separately for $200 or rented with one of the other units. Being sold as is. ** multiple offers **
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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 | $320,000 | $320,000 | $320,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.171% | 6.276% |
Monthly Tax Payment | $566 | $566 | $566 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,102 | $2,127 | $2,699 |
Total Monthly Payment | $2,743 | $2,768 | $3,340 |
* 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.