Experience the convenience, sophistication and New England Charm of this extremely versatile property. You choose: current two-unit multifamilyproperty, single family residence, mixed office residence, unlimited expansion of the carriage house/barn. Not only is it located in a prime Downtown Lebanon location less than two blocks from the green with exquisitely updated kitchens and baths, but it also benefits from the gracious 1800 styling and construction combined with modernupdates found throughout the property. Each of the two units is being offered furnished and features spacious and bright floorplans. Unit 1 consists of 8 rooms including three large bedrooms and two baths that commands $3800/month rent. Unit 2 consists of 4 bedrooms, two baths and open airy living spaces with an eat-in kitchen and is currently rented at $4400/month. Leases end in July 2025, so you have time to decide how you would like to develop this unique downtown property to suit your own fancy while earning income in the process. There is plenty of onsite parking as well as a two story carriage house for your future expansion ideas. This is definitely a moneymaker!
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $780,000 | $780,000 | $780,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | $1,065 | $1,065 | $1,065 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,187 | $4,614 | $6,425 |
Total Monthly Payment | $5,344 | $5,771 | $7,582 |
* 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.