INVESTORS TAKE NOTICE - Great opportunity to own a Multi-Unit residential income property located in Poquonock and only 5 minutes to highways and Bradley International Airport. This well maintained fully rented 5 unit includes an expansive ground-level basement, currently being used for storage with many possibilities and separate laundry room. Generous parking space available for tenants. Many upgrades some of which include, 4 remodeled apartments, newer high efficiency system 2000 Boiler and coordinating hot water heater, newer stainless steel flue liner . Roof, Windows, exterior doors and exterior lighting have all been replaced. Complete replacement of back decks in 2019. 2024 - new basement concrete floor poured in storage area. New Chicago grid ceiling and all new sheetrock in the basement/storage area, completed to town fire rating and building codes, including electrical fire-rated switches, receptacles, and lights. This property features oil heat and hot water, with public utilities. The lot, including the road from Poquonock Ave between the Mart and Kitchen Store, is part of the . 89 acre parcel. A survey is available, and the treed area to the left of the lot has additional possibilities.
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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 | $520,000 | $520,000 | $520,000 |
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 | 7.398% | 6.273% | 5.248% |
Monthly Tax Payment | $668 | $668 | $668 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,160 | $3,160 | $4,109 |
Total Monthly Payment | $3,920 | $3,920 | $4,869 |
* 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.