Excellent opportunity to own a multi-family in Woodbury! 1800s Greek Revival colonial with two residential units and an additional storefront shop. Currently the shop storefront is vacant (previously used as an upholstery shop) and one residential unit is occupied by a solid tenant who has occupied for several years, has no pets and is in month-to-month lease. The second floor unit is vacant (previous long-term tenants moved out in August 24'). The main door opens to a common foyer with a second door to the retail shop. The first floor unit is in good condition with wideboard flooring throughout, exposed beams, galley kitchen, first floor bedroom and full bath with 2nd floor loft bedroom and an additional full bath. The living room opens up to a large back deck shared by both units. The second floor unit can be accessed through a staircase off the main foyer. Up the stairs you will find wide-board flooring throughout, a full bath, kitchen with washer/dryer and two good size bedrooms. Additional space (used as a family room previously) exists in the walkup, finished attic that has wall to wall carpet, cable hookup and heat. The shop has separate electricity from the residences, but it does not have separate heating zone or water/toilet access. This space can be used by an occupant of the two family as an accessory use per town guidelines. Purchase as an investment or owner-occupy and offset your mortgage! Property is one mile away from Woodbury's town center! Known as the Thomas Dawson House, John and Lewis Dawson married the daughters of Ira Thomas, a prosperous local farmer, in a double wedding. Legend has it that the twin trees on the property (one recently succumbed to a storm) were from this time. The Dawson brothers numbered five, and their family rejuvenated the textile industry in Hotchkissville in the mid-to-late nineteenth century. Please see attached National Register of Historic Places write up for the Hotchkissville Historic District. This house is a "contributing" resource within the district. The business next door used to be an associated outbuilding.
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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 | $364,000 | $364,000 | $364,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $577 | $577 | $577 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,422 | $2,419 | $3,070 |
Total Monthly Payment | $3,074 | $3,071 | $3,722 |
* 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.