Location, location! Total 10 units! The chance to own a large mix- multifamily investment property is here! Sale includes 2 side by side parcels at the end of a Cul-De-Sac. Parcel #1 includes a 3-family ( 1st floor three bedrooms, 2nd floor two bedrooms and 3rd floor 1 bedroom unit), 5 unit apartment building( 4-two bedroom units and 1 studio), and a 2200 sqf heated garage/storage building. Parcel #2 consists of 1 single family home with 3 bedrooms, kitchen, LR, DR, 1 full bath, 1 half bath and unfinished full basement. All units are fully occupied and several have been updated with new flooring, kitchens, bathrooms and freshpaint. All tenants have enough space for parking. Roof updated, New installed solar panels is an added bonus to tenants! Potential extra income during Big E parking! Garage space is currently rented as an auto body shop, 2 separate bays with an updated heating system on one side. Separate utilities for each unit. Owner pays water/sewer.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,100,000 | $1,100,000 | $1,100,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.377% | 6.851% | 6.664% |
Monthly Tax Payment | $839 | $839 | $839 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,595 | $7,135 | $9,582 |
Total Monthly Payment | $7,559 | $8,099 | $10,546 |
* 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.