*PRICE IMROVEMENT + Seller's preferred lender will offer 1% of loan amount towards buyer's closing costs assistance or rate buyer down!*
Investors & house hackers, discover this beautiful triplex in historic Springfield, just remodeled inside and out in 2023! Fully vacant and comprised of a 2-bedroom/1-bath unit, a 1-bedroom/1-bath unit, and a spacious studio apartment, these units are rent ready and primed to generate impressive rental income. The 2/1 has its own laundry area, while there is a communal coin laundry set (additional income!) for the top two smaller units. Located on a quiet and charming street, the property is just one block away from Springfield's vibrant main strip with trendy local shops and restaurants, this triplex offers both tranquility, convenience, and a certainty to rent very well. Owner occupant buyers, take advantage of the low down payment options conventional financing starting at just 5% down! This presents a remarkable chance to invest in Springfield's expanding community, amidst continuous development, rising property values, and substantial city investments in neighboring areas. Don't overlook this prime investment opportunity.
Property also comes with transferable termite warranty through August '25!
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Our Executive Mortgage Banker:
Our Insurance Division:
$464,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $371,200 | $371,200 | $371,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.512% | 6.273% | 5.248% |
Monthly Tax Payment | $207 | $207 | $207 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,316 | $2,255 | $2,933 |
Total Monthly Payment | $2,598 | $2,537 | $3,215 |
* 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.