Explore this exceptional investment opportunity situated on the scenic back roads of Vermont's Northeast Kingdom. This three-unit complex offers a serene setting with expansive front and back yards, perfect for relaxation and outdoor activities. The convenient U-shaped driveway ensures easy access for tenants and visitors alike. Each unit features two bedrooms, one full bathroom, spacious living rooms, and eat-in kitchens. Decorative fireplaces in each unit add a touch of charm and provide a cozy atmosphere. Strategically located, the property is just a stone's throw away from Barton Golf Course, less than 5 miles from Orleans Country Club, and a mere 10-minute drive to the north beach of Willoughby Lake. 40 minutes from Jay Peak and Burke Mountain ski resorts, 30 minutes from Kingdom Trails mountain bike network, with vast snowmobile trail access out the front door. It's also only 3 miles from the Town of Barton, where you can find gas stations, grocery stores, restaurants, hardware stores, and much more, making it a highly convenient location for residential needs. This property represents a unique chance to invest in a tranquil yet convenient location. Whether you're seeking a solid investment opportunity or a place to call home where the rent from other tenants covers your mortgage, this property is definitely worth a look!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $191,200 | $191,200 | $191,200 |
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 | $256 | $256 | $256 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,304 | $1,271 | $1,612 |
Total Monthly Payment | $1,635 | $1,602 | $1,943 |
* 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.