Nestled in the vibrant heart of Hartford, CT, 204-206 South St. presents a remarkable investment opportunity. This three-story property encompasses three distinct units, tailored for both comfort and convenience. With spacious layouts, two of these units feature three bedrooms and a bathroom each, while the third unit provides two bedrooms and a bathroom. Each unit in this property boasts hardwood flooring that extends throughout. The units have been thoughtfully updated, featuring newer walls, ceilings, and modern lighting fixtures. The heating system was recently completely upgraded including all new equipment, thermostats, etc. Outside, the property features a large yard and off-street parking is available. The design of the units emphasizes generous living and dining spaces, accompanied by comfortably sized bedrooms. Additionally, each unit also includes its own foyer. The property ensures financial ease for the owner, as it is separate gas for tenants, 1 furnace and 1 hot water heater. The recently entirely renovated available third-floor unit stands out as an ideal choice for owner-occupancy but also meets all necessary codes for housing and commanding a rent of $1950. This aligns with the proforma rents for the other floors, suggesting strong income potential across the property. Offering easy access to transportation and with Downtown Hartford just a stone's throw away, you don't want to miss out on this investment opportunity.
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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 | $296,000 | $296,000 | $296,000 |
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 | $529 | $529 | $529 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,799 | $1,799 | $2,339 |
Total Monthly Payment | $2,403 | $2,403 | $2,943 |
* 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.