Great turn-key investment opportunity available to both primary homeowners, as well as investors. This 3-family property has a very strong rent roll and a vacant unit, making this a great opportunity for a primary homeowner. This property yields a 15% return at full market values, amounting to a net profit of $22,000 per year. There are two 3-bedroom units and one 1-bedroom unit. The high bedroom counts provide significant upside in lease up. All units are in good condition, with the 3rd floor one bedroom unit having just been beautifully renovated. The property also features updated electric panels, off-street parking, and a BRAND NEW ROOF, with tenant paid utilities. FHA eligible.
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Listing courtesy of Anthony Velez, Realty Exclusive LLC Email: anthony.velez.vanguard@gmail.com
25 Center Street, Torrington, CT, 06790
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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