BACK ON THE MARKET! Charming!!! A Rare find!! Welcome to your perfect investment opportunity. This beautifully maintained 2-family in the heart of Norwich, CT, offers a rare chance to own a versatile property that combines the benefits of comfortable living and potential rental income. Whether you're an investor looking to expand your portfolio or a homeowner seeking a property with supplementary rental income, this home is sure to captivate your interest. Each unit boasts a thoughtfully designed layout featuring additional spaces for versatile floor plan. hardwood flooring. The well-appointed floor plan ensures comfortable and private living spaces for both residents. Enjoy close proximity to golf course, parks, shopping centers, and essential amenities. Commuting is a breeze with easy access to major highways and public transportation. Act quickly. Seller is licensed REALTOR in state of CT. Buyer to verify all information and do due diligence. Sold AS-IS. Fireplaces are not functonal. Town has bedroom count at 4 however with a few minor changes you could certainly capitalize on this potential for more. Seller will complete trim in living room and minor sheetrock repair prior to closing.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $271,920 | $271,920 | $271,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $684 | $684 | $684 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,809 | $1,807 | $2,293 |
Total Monthly Payment | $2,568 | $2,566 | $3,052 |
* 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.