Full sized 9- unit Multi family property, with reliable tenants, spacious off street parking area for easy access is now on market. A true opportunity for any investor seeking a well maintained and recently renovated property that is the perfect income generating property to those looking an investment or who want to add to their portfolio. This property boasts three 2-bed 1-bath units in the main front building facing the front of the parking area that consists of over 2300 square foot. To the side there is a combined building that features one 4-bed 1-bath, three 3-bed 1-bath, one 2-bed 1-bath and one 1-bed 1-bath units. The property also features a sizable parking lot for the tenants for up to 9 cars, as well as plenty side street parking for guests. This multi family produces produces excellent income stream for any buyer looking for their next investment and is in close proximity to all major highways for easy access. Do not want to miss out, schedule your next showing!
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Our Executive Mortgage Banker:
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$1,150,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $920,000 | $920,000 | $920,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $1,097 | $1,097 | $1,097 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,152 | $5,590 | $7,578 |
Total Monthly Payment | $6,374 | $6,812 | $8,800 |
* 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.