Opportunity – income producing, 3-unit Oceanfront property, all units sit above grade, and all have water views. All Units are equipped for year-round or summer use. Features private beach with direct access to Salisbury Beach, Recent property improvements include roof replacement; new HVAC (AC via mini splits), water heaters, and Luxury Vinyl Plank flooring and improved electrical. Unit 1 - updated in 2020 with new full bath, kitchen cabinets, SS appliances, quartz counters, new flooring and a new half bath on the 2nd floor. Unit 3, single level living with 4 beds and 2 full baths. Unit 1 is the currently the owners unit, unit 2 and 3 are rented all summer into early September. There is opportunity for addition income with unit 1 and unit 2 in winter months. Turnkey investment with a full book of year over year multi week tenants that have been enjoying this property for years. Please do not enter property out an appointment
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,899,900
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 | $1,519,920 | $1,519,920 | $1,519,920 |
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 | 7.055% | 6.234% | 5.805% |
Monthly Tax Payment | $1,003 | $1,003 | $1,003 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,511 | $9,235 | $12,520 |
Total Monthly Payment | $9,639 | $10,363 | $13,648 |
* 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.