Charming Two-Family Home in a Desirable Neighborhood - Great Opportunity for Owner Occupied or Investment! This well-maintained two-family home in a sought-after location presents a fantastic opportunity for owner-occupied buyers and investors. Whether you're looking for rental income to help with your mortgage or an excellent investment, this property offers the perfect solution. The Owner's unit features 2 bedrooms, a spacious living room with two cozy fireplaces, and an attached 1 car garage. The kitchen has been recently updated and offers newer appliances. The second unit also offers 2 bedrooms and has its own slider leading to a small deck. Additional features include separate utilities for each unit, gas heat, city water and sewer, and a full basement with another fireplace that offers excellent potential for future finishing—newer roof and windows. The convenient location adds to the home appeal with proximity to all amenities and easy access to everything. One unit is owner-owned, and the other unit was last rented at $1400/month. Both units are in excellent condition and ready for occupancy. Don't miss out.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $439,920 | $439,920 | $439,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $591 | $591 | $591 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,001 | $2,924 | $3,710 |
Total Monthly Payment | $3,684 | $3,607 | $4,393 |
* 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.