Looking for a solid investment or a place to call home with extra income potential? Check out this fantastic turnkey two-family property, perfectly located just a short walk to downtown Franklin and the commuter rail! This well-maintained gem is ready for its new owner to step in and enjoy! Both units are bright and spacious, each offering 2 bedrooms, updated baths, fresh paint, and beautiful hardwood floors. The first-floor unit has convenient access to the laundry and storage in the basement, as well as exterior access to a fenced yard—perfect for outdoor relaxation. The second-floor unit features in-unit laundry, a dishwasher, and a private deck where you can unwind after a long day. Key updates include vinyl siding, a bluestone walkway, updated electrical, and two newer furnaces. One unit is currently rented (tenants-at-will), making this property a great opportunity for investors or owner-occupants. Conveniently close to the commuter rail, shops and restaurants, and major highways
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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 | $519,920 | $519,920 | $519,920 |
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 | $485 | $485 | $485 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,547 | $3,456 | $4,385 |
Total Monthly Payment | $4,124 | $4,033 | $4,962 |
* 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.