Investment Opportunity: 4-Plex with Prime Location and Strong Potential. Don't miss this fantastic opportunity! Located on a quiet cul-de-sac, this property offers easy access to shopping, dining, and highways-ideal for both tenants and investors. With a mix of updated features, secure entry, and ample parking, this property is an excellent addition to your investment portfolio. Four Spacious Units: Each unit features 2 bedrooms, a cozy living room, kitchen, full bathroom, and private deck for outdoor relaxation. Secure Entry: Both front and rear entrances provide peace of mind with secure access for residents. Updated Systems: The property boasts an updated furnace, 2 new 275 gal oil tanks [all in garage 1] and water heater, ensuring efficiency and reliability for years to come. Parking & Storage: Enjoy the convenience of 4 garages, plus off-street parking for tenants and guests. Rear Yard: A shared rear yard has outdoor space for tenants to enjoy. Leasing: units are currently occupied with month-to-month leases, while one unit is available now-ideal for immediate rental or owner-occupancy. Below-market rents present an opportunity for future rental increases. Situated on a peaceful cul-de-sac, this property is minutes away from shopping, dining, and major highways, making it a sought-after location for tenants. Sold as is. This 4-plex is an excellent opportunity for an investor looking for strong cash flow potential long-term growth. Highest and Best due Wed. 8 p. m
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William Raveis Mortgage, LLC
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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 | $375,200 | $375,200 | $375,200 |
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 | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $867 | $867 | $867 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,496 | $2,494 | $3,164 |
Total Monthly Payment | $3,438 | $3,436 | $4,106 |
* 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.