Welcome to 4 Capalbo Place, a rare legal four-family property in the sought-after Cos Cob neighborhood of Greenwich with an estimated 7, 500 net rentable sqft. Built in the 1960s and meticulously maintained by the same family since 1969, this property offers a unique blend of historic charm and modern convenience. Situated on a peaceful cul-de-sac, the home provides easy access to essential amenities and just 10 minutes from the beach and 2 minutes from parks, this property is perfect for investors or large families. The property features five full kitchens, six full baths, and ten bedrooms across its units, each with separate meters, water heaters, electric panels, and furnaces. The basement includes two full bathrooms and three to four additional bedrooms, with dual side and center egress for easy access and enhanced safety. A two-story garage on a separate electric meter offers substantial square footage. With eight designated off-street parking spots and additional on-street parking, convenience is assured. The potential to subdivide and develop further adds significant value, although buyers should perform their own due diligence. With significant upside potential, including the possibility for reconfiguration to create larger apartments within the original footprint, low taxes and a competitive proforma cap rate, this is an exceptional opportunity in Greenwich. . . . . . BRING ALL OFFERS
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.952.8600
Joseph.Mollica@raveis.com
NMLS Mortgage Loan Originator ID 130058
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,399,200 | $2,399,200 | $2,399,200 |
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 | $818 | $818 | $818 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $13,435 | $14,578 | $19,763 |
Total Monthly Payment | $14,378 | $15,521 | $20,706 |
* 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.