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This 2, 163-square-foot multifamily property, constructed in 1930, features six bedrooms and three bathrooms, making it a prime investment opportunity. Property Highlights: * Size & Layout: The expansive layout offers six bedrooms and two bathrooms, providing ample space for multiple tenants or a large family. * Construction & Design: Built in 1930, the property exudes classic architectural charm, appealing to those who appreciate historic design elements. * Lot Size: Situated on a 5, 227-square-foot lot, there's potential for outdoor amenities or future expansions. Investment Potential: Given its size and configuration, this property is well-suited for generating rental income. The multiple bedrooms can accommodate various tenant arrangements, from families to shared housing. The property's historical character may also attract tenants seeking unique living spaces. Location Benefits: Located in Norwalk, CT, residents can enjoy the following local amenities: * Education: Proximity to reputable schools such as Kendall Elementary School, Ponus Ridge Middle School, and Brien McMahon High School. * Transportation: Easy access to major highways, facilitating commutes to nearby cities and business hubs. * Recreation & Shopping: Close to parks, shopping centers, and dining establishments, enhancing the living experience for potential tenants. This 2, 163-square-foot multifamily property, constructed in 1930, features six bedrooms and three bathrooms, making it a prime investment opportunity. Property Highlights: * Size & Layout: The expansive layout offers six bedrooms and two bathrooms, providing ample space for multiple tenants or a large family. * Construction & Design: Built in 1930, the property exudes classic architectural charm, appealing to those who appreciate historic design elements. * Lot Size: Situated on a 5, 227-square-foot lot, there's potential for outdoor amenities or future expansions. Investment Potential: Given its size and configuration, this property is well-suited for generating rental income. The multiple bedrooms can accommodate various tenant arrangements, from families to shared housing. The property's historical character may also attract tenants seeking unique living spaces. Location Benefits: Located in Norwalk, CT, residents can enjoy the following local amenities: * Education: Proximity to reputable schools such as Kendall Elementary School, Ponus Ridge Middle School, and Brien McMahon High School. * Transportation: Easy access to major highways, facilitating commutes to nearby cities and business hubs. * Recreation & Shopping: Close to parks, shopping centers, and dining establishments, enhancing the living experience for potential tenants. * 1 N Taylor Ave presents a compelling opportunity for investors seeking a property with substantial rental potential in a desirable location. Its combination of size, historic charm, and proximity to amenities makes it a valuable addition to any real estate portfolio. RENTS ARE WAY UNDER-MARKET
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William Raveis Real Estate
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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 | $520,000 | $520,000 | $520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.899% | 7.017% | 6.034% |
Monthly Tax Payment | $667 | $667 | $667 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,160 | $3,416 | $4,318 |
Total Monthly Payment | $3,919 | $4,175 | $5,077 |
* 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.