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Investors take note! 306-308 Sigourney is not your average multifamily property. This four-unit building has been owned and well cared for by the same owners for 30 years and is now ready for its next chapter. With 9 bedrooms, 5 full baths, and 2 half baths, each unit enjoys access to a back balcony, adding to its charm and functionality. Major updates have already been taken care of, including a brand-new roof (2024), fresh exterior paint (2024), new windows in unit 306A, and recently replaced water heaters. All tenants are on month-to-month leases, giving the next owner flexibility. Each unit also has washer and/or dryer hookups, though the appliances belong to the tenants. And let's not forget the prime location, just minutes from Hartford Hospital, St. Francis Hospital, the XL Center, and more. The investment potential is endless! The property is being sold AS-IS.
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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 | $400,000 | $400,000 | $400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.944% | 7.025% | 6.046% |
Monthly Tax Payment | $832 | $832 | $832 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,463 | $2,628 | $3,322 |
Total Monthly Payment | $3,387 | $3,552 | $4,246 |
* 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.