Exciting Legal Two-Family Investment Opportunity in Spring Hill, Norwalk. Located on Wilton Ave, just minutes from Norwalk Hospital and Route 7, this property offers incredible potential for investors or homeowners looking to capitalize on a growing area. This legal two-family home features two separate apartments, both with unique opportunities to add value and build equity. First Floor Apartment: This unit is ready to move in, offering an updated kitchen and bathroom, 2 spacious bedrooms, and convenient basement access. The lower level provides additional space that can be finished to further expand the living area. Second Floor Apartment: This unit is partially completed, with all electrical and plumbing already in place. The brand new HVAC unit in the attic adds further value, making this a prime opportunity to finish and personalize to your liking. Both units are equipped with brand new hot water heaters, ensuring reliable and efficient service for years to come. Exterior Features: A large, private deck, perfect for outdoor relaxation or entertaining. A 4-car garage with additional rear yard space behind the garage, offering ample storage or the possibility for expansion. With surrounding comparables priced much higher, this is your chance to complete and customize this property while taking advantage of the built-in equity. Note: This property qualifies for cash or renovation financing only.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.2006
Francine.Silberman@raveis.com
NMLS Mortgage Loan Originator ID 69244
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.5535
Mace.Rattet@raveis.com
NMLS Mortgage Loan Originator ID 69957
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $540,000 | $540,000 | $540,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.153% | 7.159% | 6.276% |
Monthly Tax Payment | $850 | $850 | $850 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,502 | $3,589 | $4,554 |
Total Monthly Payment | $4,444 | $4,531 | $5,496 |
* 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.