This wonderful 2 family home offers a great investment opportunity, yours for the taking! Sidewalk lined street and a covered front porch greets each guest. Each unit has separate entrances along with 2 bedrooms, 1 full bath, living room, eat-in kitchen. Laundry hookups & separate utilities in lower level along with plenty of storage. City sewer/water. Gas heat. Off-street parking with detached 1 car garage with new driveway resting on the side of the home overlooking the backyard ready to host your tenants summer gatherings. Standout updates include: NEW drainage system both sides of basement and sump pump just installed September 2024. Freshly painted. New flooring. Updated bathrooms. New siding. New railings, new driveway and MORE! This 2-family home in Bristol is ideal to meet your goal of either adding to/starting your real estate portfolio adventure or wanting to have your very own owner-occupied multifamily. . . This is it! All of this is conveniently located near ESPN, major highways, Lake Compounce, Hospital, dining, shopping, Rt. 6, nature preserve's & more!
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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 | $270,400 | $270,400 | $270,400 |
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 | $225 | $225 | $225 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,643 | $1,643 | $2,137 |
Total Monthly Payment | $1,943 | $1,943 | $2,437 |
* 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.