Investors dream well maintained property with garages built in 2014 6500 sq. feet. GROSS is $123, 000 with expenses under 18, 000 per year. . . . Property consists of 3 the buildings on the same lot 6500 square foot consisting of a 5 unit garage fully rented with all approvals and proper drainage in place. Second building (middle property) is a 2 family first floor is 2 bedroom and second floor is a one bedroom $1100, $1050 2nd floor. The front house is a single family which gets 1700. 00 a month. Total income per month $ 10, 250. 00. There is also approval from the town for anther 2 bay garage up to 1800 sq. feet. Property is mins from highway and just south of the Auto auctions. The property is known as 227 S Main Street and 229 s. Main Street A & B. This is a fantastic investment which has been always fully rented and a waiting list for garage spaces. . . Very low expenses buildings are well maintained. .
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William Raveis Mortgage, LLC
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Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $719,920 | $719,920 | $719,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $817 | $817 | $817 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,031 | $4,374 | $5,930 |
Total Monthly Payment | $4,940 | $5,283 | $6,839 |
* 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.