Investment Opportunity!! This 2-3 unit, multi-family building offers a great investment opportunity with direct access to ATV and snowmobile trails, making it an outdoor enthusiast's dream. As you enter, you'll be greeted by high ceilings and beautiful hardwood floors that flow throughout the main living areas in both unit #1 and unit #2. There is a common area located on the 1st floor in the large mudroom that houses a washer/dryer hookup. Pellet Stove in each unit helps with cost of heating fuel in winter months. Unit #1 is currently rented on a month-to-month basis with great tenants who have lived there for the last year and a half. Unit #2 is currently owner-occupied and is spaciously located on the 2nd and 3rd floor consisting of 3 bedrooms and two bathrooms. The spacious rooms provide plenty of natural light, creating a warm and inviting atmosphere. Potential of a 3rd unit or studio above the garage that consists of an open, private 27x23 area, that is already currently being used by owner during the summer months. To make it year-round living quarters, plumbing could be extended, insulation added, and heat for some more rental income. The updated roof, siding, and replacement windows ensure peace of mind, while the attached 2 car garage offers ample storage for all your recreational gear or vehicles. There is a total of 6 parking spots available off the street. Located on a quiet street, this home is perfect for families seeking a serene environment.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $180,000 | $180,000 | $180,000 |
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 | $275 | $275 | $275 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,228 | $1,196 | $1,518 |
Total Monthly Payment | $1,578 | $1,546 | $1,868 |
* 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.