FAIR HAVEN 3 FAMILY ONLY A BLOCK FROM THE WATER! INVESTORS AND OWNER-OCCUPANTS TAKE NOTICE! Discover this well-maintained THREE FAMILY home, perfectly situated in the Fair Haven neighborhood of New Haven only a block away from the Quinnipiac River & Grafton Park! This property features three spacious units, making it an ideal Investment opportunity or for an Owner-Occupant. The recently renovated third-floor unit boasts modern finishes with brand-new kitchen cabinets, a sink, a newer bathroom, and new HW and luxury vinyl tiling throughout. Each unit presents ample living space featuring 2 bedrooms and 1 bathroom with EASY conversion to 3 bedrooms. The building has a beautiful backyard, and multiple parking spaces, with 3 gas and electric meters. ROOF, WINDOWS, HW HEATERS, AND MECHANICALS UPDATED and/or in good condition. Freshly painted Front hallways and refinished HW stairs. Fair Haven commands an average rent of $1800 with potential for more, creating an attractive option for potential tenants and a promising investment opportunity. With a prime location near local parks, shops, and restaurants, and easy access to public transportation and major highways, this property is truly a gem. The property will be delivered with at least 1 unit available and tenants are on an m2m, thus easy to start over as owner occupants or new tenants at market rent. Whether you're an investor or looking for a new home to live in, this is a must-see. PROPERTY QUALIFIES FOR YALE HOMEBUYERS PROG
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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 | $359,200 | $359,200 | $359,200 |
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 | $647 | $647 | $647 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,390 | $2,387 | $3,029 |
Total Monthly Payment | $3,112 | $3,109 | $3,751 |
* 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.