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Presented by
Nikki Carter |
55 Chesterfield Road, Montville (Oakdale), CT, 06370 | $661,000
Welcome to this beautifully renovated multi-unit property, offering THREE mobile home lot rentals with LONG TERM tenants. as well as a two completely updated rental apartments. The property boasts a new roof and siding, enhancing both its durability and curb appeal. Both the upper and lower units have been meticulously renovated with brand-new kitchens and bathrooms, showcasing modern finishes and high-quality materials. First floor includes three bedrooms, 2. 5 baths with beautiful hardwood throughout. The basement apartment, with its own private entrance is one bedroom and one full bath. Additional features include a new electrical system, plumbing and state of the art well pump, ensuring reliable and efficient utility service. LARGE 2 car garage with high ceilings. The three mobile home lots, each currently leased to long-term tenants at $650 per lot. The mobile homes are owned privately by tenants. These lots give a steady stream of rental income and contribute significantly to the property's overall revenue potential with minimal upkeep. This property is an excellent opportunity for savvy investors or homeowners looking to live in one unit while generating rental income from the others. Located in a desirable area with easy access to local amenities, this multi-unit property combines modern living with substantial financial benefits. This property is taxed as a Mobile home park and is a commercial property, COMMERCIAL financing or cash Owner open to explore partial seller financing. Commercial financing or cash. Owner provides landscaping and plowing for all tenants, service provided per lot lease. The basement unit is currently leased for $1500 per month until August 31, 2025 (electric is included). Basement unit permitted only during the second visit. Leases for the lots renew on October 1st, and all tenants are renewing their leases for $675. Propane heat upstairs, electric in basement unit
Features
- Town: Montville
- Rooms: 13
- Bedrooms: 4
- Baths: 3 full / 1 half
- Units: 5
- Style: Units on different Floors
- Year Built: 1961
- Heating: Hot Air
- Cooling: Central Air
- Basement: Full
- Above Grade Approx. Sq. Feet: 1,366
- Acreage: 3.06
- Est. Taxes: $5,077
- Lot Desc: Lightly Wooded
- Elem. School: Per Board of Ed
- High School: Per Board of Ed
- MLS#: 24046045
- Days on Market: 73 days
- Website: https://www.raveis.com
/prop/24046045/55chesterfieldroad_montville_ct?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Nikki CarterLuxury Properties Specialist
508.410.0558
Nikki.Carter@Raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Frank MerolaVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1020051
508.740.5922
Frank.Merola@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Allen GellermanInsurance Sales Director, William Raveis Insurance
617.686.2668
Allen.Gellerman@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
Ray CashenPresident, William Raveis Attorney Network
203.925.4590
For homebuyers and sellers, our Attorney Network:
- Consult on purchase/sale and financing issues, reviews and prepares the sale agreement, fulfills lender
requirements, sets up escrows and title insurance, coordinates closing documents - Offers one-stop shopping; to satisfy closing, title, and insurance needs in a single consolidated experience
- Offers access to experienced closing attorneys at competitive rates
- Streamlines the process as a direct result of the established synergies among the William Raveis Family of Companies
55 Chesterfield Road, Montville (Oakdale), CT, 06370
$661,000
Nikki Carter
Luxury Properties Specialist
William Raveis Real Estate
Phone: 508.410.0558
Nikki.Carter@Raveis.com
Frank Merola
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.740.5922
Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $528,800 | $528,800 | $528,800 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
| Monthly Tax Payment | $423 | $423 | $423 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,518 | $3,515 | $4,534 |
| Total Monthly Payment | $4,033 | $4,030 | $5,049 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
CT Mortgage Correspondent Lender License 15524