Great Investment opportunity located on Harrison Street in New Britain. Well maintained 2 unit building with 2 bedrooms on each unit. The second floor tenant has converted his unit into 1 bedroom with an oversized Master Bathroom. Has been renting for over 12 years, great tenant! All units have Brand new Gas furnaces about 3 years old. 3rd unit is still under renovations, need furnace and thermostat to be connected but does have a furnace already Sellers have a-lot of the materials needed for any upgrades in storage. All new siding, flooring, hatch door for basement, as well as a few windows. All you need to do is complete the job, materials will be left for new buyer! Gas meter is already connected for 3rd unit and was approved by the town will just need to complete approval once 3rd floor repairs are completed and could have additional income!! GREAT OPPORTUNITY!!
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $319,920 | $319,920 | $319,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.737% | 7.055% | 6.120% |
Monthly Tax Payment | $650 | $650 | $650 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,075 | $2,102 | $2,678 |
Total Monthly Payment | $2,800 | $2,827 | $3,403 |
* 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.