Easily one of the nicest, quality built and maintained 3-Unit apartment buildings within the Village of Orleans. Situated on a spacious . 63 acre lot with potential to subdivide off a prime . 25 acre building lot if desired. This property features tons of original charm and character; tiger maple woodwork, ornate fireplaces, hardwood floors, built-in cabinets and much more. Spacious units with the kitchen appliances included in all units and washers/dryers included within units A&C. Updates include; a new Buderus boiler in 2024, Harvey windows in units B & C, shingled roof, full remodel of unit A in 2023, flooring, interior, paint, etc. (full detailed list from seller is available). Attached 1-car garage, detached storage shed, wrap-around covered porch and full unfinished basement. Separate electric meters for each unit, allowing for tenants to each pay their own electrical expenses and the heat is included in the rent. All three units are leased with month to month leases and great tenants (one unit per level). This is a good income producing property or would be the perfect opportunity to live in one unit while the other units help pay the expenses. There is also great potential to utilize for professional office space with plenty of parking in the over-sized yard. Just a few miles from pristine Orleans Country club, easy I-91 interstate access and walking distance to all town amenities (stores, library, post office, school, hardware store, etc. ).
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Our Executive Mortgage Banker:
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$229,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $183,920 | $183,920 | $183,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $437 | $437 | $437 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,255 | $1,222 | $1,551 |
Total Monthly Payment | $1,767 | $1,734 | $2,063 |
* 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.