All the hard work will be done soon! Own this Turn-Key Brand New Two Story 6 Unit Apartment Complex. Current Owner / Developer will have this ready for Completion with a "Certificate of Occupancy" On or Before March 01, 2025. All apartments are 2 Bedrooms. Kitchens will include Electric Range/Oven, Refrigerator and Microwave. Heat and A/C by Energy Efficient Mini-Split Systems. First Floor apartments are all Handicap Accessible. On- Site Coin Operated Laundry Facility. City Water & City Sewer. Paved 12 car Parking Lot. Per Town Site Plan Approval, and by State Fire Code, this Building will be fully equipped with a Sprinkler System. Great opportunity for Investors to create their own Tenant base. Ideal North End Neighborhood. Very Close proximity to Grocery & Convenience Stores, Pharmacies, Banks, Boutique Retail & Personal Service Businesses, Movie Theater, Fitness Center and Food Outlets. This is an excellent Quality & Modern Rental Asset! What are you waiting for? Also Builder will provide a One Year Warranty from Date Of Closing. Average projected Monthly rentals can be between $1, 500. 00 to $1, 700. 00.
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $956,000 | $956,000 | $956,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $87 | $87 | $87 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,503 | $6,043 | $8,067 |
Total Monthly Payment | $5,715 | $6,255 | $8,279 |
* 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.