Investors Don't Miss Out! This North Attleboro Portfolio currently generates $255, 000 Gross Income at current rents with a potential of $280, 140 at market rents. The portfolio consists of (2) properties, 13 Richards Ave and 35-37 Circular St, consisting of (3) 3-Family homes with 21 Bedrooms and 9 Baths, (1) Single Family home with 3 beds and 1 1/2 baths, and (1) Single Family home with 3 beds and 2 baths. The properties have been wonderfully maintained and have many newer improvements including kitchens, baths, roof, windows, siding, and includes 28 parking spaces. All units are separately metered and all tenants pay for their heat, hot water and electric. 13 Richards Ave is in downtown North Attleboro and 35-37 Circular is on a quiet side street nearby. Both are conveniently located to major highways. Properties can be purchased individually or as a package, 13 Richards Ave (MLS# 73204164) and 35-37 Circular St (MLS# 73204165).
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,575,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.944.8218
Bob.Flynn@raveis.com
NMLS Mortgage Loan Originator ID 6314
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,060,000 | $2,060,000 | $2,060,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 7.000% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.481% | 7.103% | 6.915% |
Monthly Tax Payment | $1,846 | $1,846 | $1,846 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,684 | $13,705 | $18,229 |
Total Monthly Payment | $14,655 | $15,676 | $20,200 |
* 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.