Open House Sat 8/17 from 2-4. All 3 units are lead compliant. See attached letters. Fantastic, commercially zoned investment property with a large 2-family that fronts on Main Street, and a one-story unit in back which fronts on Grove Street. The two-family contains two units, one of which is a 2-story unit with two bedrooms, the other a 3-story with 2 bedrooms and a walk-up attic for extra storage. The unit in back is a one-story building currently leased to a preschool that has a large classroom, kitchen, office, bonus room, and 11 paved parking spaces. Roof new in 2019, siding and oil-fired boilers in 2015, water heaters in 2017. The apartments are in excellent condition with high ceilings, updated kitchens and baths, and generous sized bedrooms. Beautiful 46' L-shaped farmers porch in front. Fantastic access to highways, shopping, entertainment.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $500,000 | $500,000 | $500,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $452 | $452 | $452 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,038 | $3,038 | $3,951 |
Total Monthly Payment | $3,582 | $3,582 | $4,495 |
* 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.