Here’s a wonderful opportunity to own this spacious 3-family home at 654 Bridge St, located in the desirable Centerville neighborhood of Lowell. Each unit features 4 generously sized bedrooms, large kitchens, dining areas, and living rooms, with the added convenience of in-unit laundry. With a full fourth floor offering additional storage, there's plenty of room for your needs. Major updates have already been taken care of, including newer boilers, water heaters, updated electrical systems, siding, and a roof installed in 2022. The property also boasts ample off-street parking behind the house, along with a garage that generates additional rental income. All units have separate utilities, and with the potential for condo conversion down the road, this home is an excellent investment opportunity. Located just minutes from UMass Lowell, Middlesex Community College, downtown, and with an LTRA bus stop nearby, this home provides easy access to all that Lowell has to offer.
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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 | $759,999 | $759,999 | $759,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | $792 | $792 | $792 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,256 | $4,679 | $6,311 |
Total Monthly Payment | $5,140 | $5,563 | $7,195 |
* 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.