Here's your chance to invest in a remarkable and rare opportunity: a beautifully renovated, legal two-family home in the charming Northford area. This turnkey property features two separate residences on one lot, both currently rented to a single tenant for $4, 900 per month. The main home boasts two to three spacious bedrooms, two full baths, and a stunningly remodeled kitchen with stainless steel appliances, quartz countertops, and ample cabinet space. The wonderful open floor plan is light and bright, while the beautifully updated bathrooms add to the home's appeal. The lower level includes a one-car garage, and stunning hardwood floors flow throughout. The additional unit is a one-bedroom, one-bathroom space that is also in excellent condition and currently occupied by the same tenant. Plus, a generous three-car garage with dual bays and a boat door enhances the property's versatility. With everything in place, all you need to do is enjoy the reliable monthly income of $4, 900!
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $399,920 | $399,920 | $399,920 |
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 | $580 | $580 | $580 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,661 | $2,658 | $3,373 |
Total Monthly Payment | $3,316 | $3,313 | $4,028 |
* 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.