Hurry on this 3-Family investment opportunity in Dorchester! Move-in ready multi-family featuring 3 bedrooms, 1 bath, EIK w/ pantry on each floor. Hardwood floors can be found throughout home. All units recently updated and ready to start generating cash flow. Basement has lots of storage, washer/dryer hookup, and ample space to be finished for additional living. Units have separate gas heat & electric meters. Water heaters ~2 years old. Small yard space. Excellent location with close proximity to Dot Block, South Bay Center, Castle Island, UMASS Boston, Savin Hill and Field Corners. Off of Dorchester Ave and steps away from restaurants, grocery stores, gas stations, parks, health centers, post office, MBTA Red Line Subway/Bus. Location allows quick access to highway. All units will be delivered vacant which is perfect for new owner to rent out and/or for owner occupancy. Turn-key ready for investors! Open House Saturday & Sunday 11/16 - 11/17 from 11am–1pm.
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Our Executive Mortgage Banker:
Our Insurance Division:
$989,900
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 | $791,920 | $791,920 | $791,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | $839 | $839 | $839 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,496 | $4,876 | $6,576 |
Total Monthly Payment | $5,427 | $5,807 | $7,507 |
* 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.