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65 Hillman St, New Bedford (Center), MA, 02740 | $640,000
Property is a 4 family w/ a detached garage. Property also being offered at 6 figure discount if purchased with 629 & 623 Purchase Street. Together, 11 rental incomes for sale at $1. 22mm, comprised of 4 buildings: 65 Hillman Street & detached garage, 629 (5 units) & 623 (stand alone unit) Purchase Street (includes coin-op laundry). Tenants pay all of their own utilities. Many upgrades including newer architectural & rubber membrane roofs, high efficiency mini-splits (all Purchase Street units), replacement windows, circuit breakers, rehabbed interiors, new oil tank. Letter of Full Initial Lead Inspection Compliance for 65 Hillman Street 3rd floor apartment and common areas in hand. Properties feature desirable downtown locations close to restaurants, shops, museums & MBTA station. All public utilities, all units fully applianced, separated electrical services, fully fenced private yards. Please see other listings.
Features
- Town: New Bedford
- Amenities: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, Sidewalks
- Rooms: 18
- Bedrooms: 8
- Baths: 4 full
- Units: 4
- Year Built: 1850
- Garage: 1-car
- Basement: Full, Walk-Out Access, Interior Entry, Concrete, Unfinished
- Approx Sq. Feet: 2,831
- Acreage: 0.1
- Est. Taxes: $4,524
- Lot Desc: Corner Lot, Cleared, Level
- View: City View(s)
- MLS#: 73313351
- Website: https://www.raveis.com
/prop/73313351/65hillmanst_newbedford_ma?source=qrflyer
Listing by Nick Helgesen courtesy of Better Living Real Estate, LLC
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
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- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
65 Hillman St, New Bedford (Center), MA, 02740
$640,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
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 | $512,000 | $512,000 | $512,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
| Monthly Tax Payment | $377 | $377 | $377 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,406 | $3,403 | $4,390 |
| Total Monthly Payment | $3,875 | $3,872 | $4,859 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
MA Mortgage Lender and Mortgage Broker #MC2630