Presented byThe Bodeau Team |
Five-Family Investment Property - Absolutely Pristine This stunning five-family home is a prime investment opportunity. Meticulously maintained and fully updated, the property boasts new kitchens and bathrooms, new electrical systems, on-demand hot water heaters, a brand-new roof, and fresh exterior and interior paint. Enjoy the convenience of new windows, a new back staircase, and a freshly paved driveway. Beautiful hardwood floors enhance the charm, while spacious first and second-floor porches provide additional living space. With a mix of 1, 2, and 3-bedroom units, this property generates incredible cash flow. Located within walking distance of vibrant Main Street, you're close to restaurants, shops, Middlesex Hospital, the Connecticut River, marinas, and more. Easy access to Route 9 and the Arrigoni Bridge makes commuting a breeze. This turnkey investment is ready for you to capitalize on its potential.
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Sales Associates
William Raveis Real Estate
Phone: 860.463.9296
BodeauRealtyGroup@Raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 978.423.2254
David.Lewis@raveis.com
NMLS Mortgage Loan Originator ID 49042
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $519,920 | $519,920 | $519,920 |
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 | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | $817 | $817 | $817 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,459 | $3,456 | $4,385 |
Total Monthly Payment | $4,368 | $4,365 | $5,294 |
* 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.