Charming Multi-Family Property in West Haven, CT - Ideal for Investors or Owner-Occupants! This well-maintained multi-family residence is a perfect blend of comfort, convenience, and opportunity. The property features two distinct units, each with its own unique character, along with a one-car detached garage and a lovely closed-in front porch that serves as a common area for both units. The second-floor unit includes one bedroom on the main floor and a second bedroom on the third floor, plus a bonus room. It features a spacious kitchen, living room, dining room, and one bathroom. Both bedrooms are carpeted, while the rest of the unit features beautiful wood floors. The first-floor unit has two bedrooms, an eat-in kitchen, a cozy living room, and one bathroom, with wood flooring throughout. The property boasts a new roof installed in 2017 and newer vinyl windows throughout for modern efficiency. A nice-sized yard provides additional outdoor space for relaxation or entertainment. Previously fully rented, the first-floor tenant has been removed. The second-floor tenant remains on a month-to-month lease at below-market rent, presenting immediate potential for rental adjustments or owner-occupancy. Ideally located close to beaches and colleges, this property is perfect for investors looking for income potential or owner-occupants seeking a spacious living
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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 | $319,200 | $319,200 | $319,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $659 | $659 | $659 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,178 | $2,122 | $2,692 |
Total Monthly Payment | $2,912 | $2,856 | $3,426 |
* 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.