Great 3-unit investment property in Walpole. Convenient location near the river crossing to VT and close to shopping and easy access to I-91. The building is in good overall condition with very nice apartments including two spacious 2-bedroom units both with large kitchens and an efficiency unit. All have nice porches and plenty of storage. Upstairs 2 bedroom has access to additional space in the attic which has potential for additional living space or possibly another rental unit with any applicable permits. Rents include heat, electric and town water/sewer. One oil HWBB boiler does all units. Many recent upgrades. Nice back yard and small garage building with off street parking. If you are looking for a clean income producing property that does not need rehab or renovations, this is a good option. Can be purchased as a package with two other 4-unit buildings in VT totaling 11 units.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $207,200 | $207,200 | $207,200 |
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 | $423 | $423 | $423 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,259 | $1,259 | $1,637 |
Total Monthly Payment | $1,757 | $1,757 | $2,135 |
* 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.