Discover a prime investment opportunity in the heart of New Haven with this 5-unit building at 122 Derby Ave. Featuring two currently leased units, this property already generates income, while three additional units are unoccupied and ready for your personal touch or to attract new tenants. The three unoccupied units present an excellent opportunity increased rental income. Situated in a vibrant neighborhood, the property is close to local amenities, public transportation, and universities, ensuring high demand for rentals. New Haven's growing economy and community appeal promise a robust tenant base. Don't miss out on this exceptional chance to invest in a property with significant income potential and room for growth.
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122 Derby Avenue, New Haven, CT, 06511
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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