230 North Main Street, Naugatuck (Union City), CT, Connecticut, property flyer

230 North Main Street, Naugatuck (Union City), CT, 06770 | $724,900

Well maintained and updated investment 6 Unit property in prime location of multi-family homes and businesses. Excellent cash flow and tenant stability, all rents up to date. Off-street parking in rear accommodates up to 8 vehicles along with a small garage that can be used for storage or extra income. Plenty of on-street parking is typically available right out front, for visitors or extra vehicles, etc. Units all have separate mechanical systems/furnace/hot water heater/electric. First floor front unit remodeled in 2019 with new replacement windows/bathroom/all hardwood flooring. Three of the units have newer replacement windows. New rear deck/porch 2024, new right-side egress 2025. New fire-rated self-closing doors and digital locks installed 2023. Parking area asphalt repaired in 2020. All apartments except 3rd floor fully painted & new flooring installed during vacancies. Vinyl siding in good shape. Great tenants in place. Location is perfect for Route 8/84/63 commuters, and is close to shopping, parks and outdoor recreation. Very nice curb appeal, walkable neighborhood! Due to full tenant occupancy, first showing will likely be a few units plus basement and exterior, with remaining units shown upon request with elevated interest. May be sold as a package with 128 Millville Ave, Naugatuck.

Features

Town: Naugatuck
Rooms: 20
Bedrooms: 8
Baths: 6 full
Units: 6
Laundry: Basement Hook-Up(s)
Style: Units on different Floors

Year Built: 1890
Garage: 1-car Detached Garage,Off Street Parking
Heating: Baseboard
Cooling: None
Basement: Full,Unfinished
Above Grade Approx. Sq. Feet: 3,481
Acreage: 0.2

Est. Taxes: $14,650
Lot Desc: Level Lot
Elem. School: Per Board of Ed
Middle School: Per Board of Ed
High School: Naugatuck
MLS#: 24076458
Website: https://www.raveis.com
/prop/24076458/230northmainstreet_naugatuck_ct?source=qrflyer

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Listing courtesy of Coldwell Banker Realty

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NMLS Mortgage Loan Originator ID 81725

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230 North Main Street, Naugatuck (Union City), CT, 06770

$724,900

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	$579,920	$579,920	$579,920
Term	360 months	360 months	180 months
Initial Interest Rate**	6.750%	7.125%	6.250%
Interest Rate based on Index + Margin	8.125%
Annual Percentage Rate	7.173%	7.316%	6.550%
Monthly Tax Payment	$1,221	$1,221	$1,221
H/O Insurance Payment	$92	$92	$92
Initial Principal & Interest Pmt	$3,761	$3,907	$4,972
Total Monthly Payment	$5,074	$5,220	$6,285

* 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.