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Attention Investors! Rare opportunity to own a 12-unit brick multifamily building in desirable Brooklyn, Connecticut. This well-maintained property features a diverse mix of units offering both ranch-style one-bedroom, one-bath units on the first floor and townhouse-style two-bedroom, one-bath units on the second floor, offering a total of 12 units to rent. The building is currently fully occupied. Every unit is equipped with washer and dryer hookups for added convenience, making this property an attractive choice for tenants, not to mention the highly sought after Brooklyn school system and Woodstock Academy or Killingly as options for high school. This multifamily gem is an ideal investment for those looking to capitalize on the growing demand in Northeast Connecticut. With the high prices in nearby cities driving multifamily investors to the area, now is the time to act. Property Features: 12 units: A mix of 1-bedroom and 2-bedroom units Washer and dryer hookups in every unit Ample parking for residents Ranch-style (1st floor) and Townhouse-style (2nd floor) layouts Great Brooklyn school system Location Highlights: Minutes to I-395 35 minutes to Worcester, MA 35 minutes to Providence, RI 40 minutes to New London and Groton, CT 1 hour to Hartford, CT Take advantage of the rising investor interest in the area and the strong local rental market. Don't miss out on this rare chance to add a quality investment to your portfolio in a highly desirabl
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William Raveis Real Estate
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Contact@raveis.com
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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---|---|---|---|
Loan Amount | $1,360,000 | $1,360,000 | $1,360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.250% | 6.125% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.517% | 6.235% | 6.058% |
Monthly Tax Payment | $962 | $962 | $962 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,510 | $8,264 | $11,385 |
Total Monthly Payment | $8,597 | $9,351 | $12,472 |
* 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.