Charming 2-family home at 24 Grove St, Portland, CT 06480, offering a fantastic opportunity for investors or owner-occupants! Nestled in a peaceful neighborhood, this well-maintained property features two spacious units, each with its own unique charm and private entrance. The first-floor unit boasts a bright and airy layout with 1 bedroom, a full bath, and a cozy living room. The second-floor unit has 2 bedrooms and 1 bath, perfect for comfortable living or rental income. Utilities are separated for each unit, adding convenience and flexibility. The property can also be converted back to a single-family home, making it even more versatile! Set on a generous 1. 27-acre lot, the property includes a full basement, a private backyard, and off-street parking for added convenience. There's also a usable attic space, perfect for extra storage or the potential to finish it off for even more living space. Located close to local amenities, schools, parks, and just a short drive from Middletown and major highways, this home combines the tranquility of suburban living with easy access to urban conveniences. Don't miss this opportunity to own a versatile property in the heart of Portland! HIGHEST AND BEST SUNDAY NOVEMBER 24TH BY 5: 30PM seller reserves the right to accept at any time
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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 | $260,000 | $260,000 | $260,000 |
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 | $473 | $473 | $473 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,730 | $1,728 | $2,229 |
Total Monthly Payment | $2,278 | $2,276 | $2,777 |
* 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.