Attention investors! Don’t miss this incredible opportunity to own a classic Boston triple-decker !This3-family home offers exceptional potential with 3 generous bedrooms and 1 bath in each unit, plus front and back decks for added outdoor enjoyment. The property includes parking for 6+ vehicles, or the option for a large shared backyard. Over 30 energy-efficient windows were replaced in 2022 through the Mass Save program, adding value and reducing energy costs. The first-floor unit generates $2, 500+ in monthly rental income and is rented as tenants-at-will. The second and third units will be delivered vacant, offering flexibility for new tenants or renovations. With five spacious rooms in the first-floor unit, you can retain passive income during the renovation phase. This home combines strong income potential with the charm of a quintessential Boston triple-decker. Conveniently located near shops and public transportation. Will not qualify for FHA. In need of work with potential!
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $687,200 | $687,200 | $687,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.550% | 6.220% | 5.781% |
Monthly Tax Payment | $706 | $706 | $706 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,848 | $4,176 | $5,661 |
Total Monthly Payment | $4,646 | $4,974 | $6,459 |
* 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.