OPEN HOUSE 9/22/24 11am-1pm. Classic features & modern updates combine to help this two-family sparkle. With two colleges, shops, services, restaurants and parks nearby, this four-bedroom two-bathroom building is an excellent opportunity for both investors and owner-occupants alike. Updates on 1st & 2nd floor units include: Bathrooms, refinished hardwood floors, new vinyl flooring and fresh paint. Separate utilities. Newer gas-fired hot water heaters. Open concept living and dining spaces, numerous large vinyl replacement windows. Each unit has two bedrooms w/ one closet each, classic columns, built-in hutches and shelves, hall closets and separate spacious pantries adjacent to the kitchens, which allow for lots of storage. The second-floor unit has potential to add additional bedrooms on third floor. (Buyer to verify potenial 3rd floor work with city building dept. ) HUD 2024 Fair Market Housing Rent – two bed $1, 375; three bedroom $1, 669, four bedroom $1, 954.
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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 | $296,000 | $296,000 | $296,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.760% | 7.042% | 6.160% |
Monthly Tax Payment | $232 | $232 | $232 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,044 | $1,945 | $2,478 |
Total Monthly Payment | $2,351 | $2,252 | $2,785 |
* 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.