INVESTORS TAKE NOTICE: 2 buildings on one lot. The building on left is a 5 unit, consisting of 4, 1 bedroom units and a 2 bedroom unit, with a full basement. The building to the right is a 1-2 bedroom home with an attached 1 car garage, storage room and a full basement. Owner pays heat and hot water in all of the 5 units. tenants pay their own electric. The detached single family is currently
NOT RENTED. Could rent for $2500+ with no utilities. All of the one bedroom units are rented for $1300 with heat and hot water, except for 1 elderly tenant who has been there for years. The 5th unit is rented for $1800 with heat and hot water. All new windows in all units except for the older tenants front window. Updated roof, The detached single family has just been completely remodeled and will remain vacant . All units has gas heat, city water and 3 septic tanks, 2-1000 gal tanks and 1-1500 tank. There is a central fire system in place and inspected annually. Newly paved driveway. Lots of parking for tenants. Rents can be higher.
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Our Executive Mortgage Banker:
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $759,920 | $759,920 | $759,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,315 | $4,741 | $6,361 |
Total Monthly Payment | $4,407 | $4,833 | $6,453 |
* 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.