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Tremendous investor or owner-occupied opportunity in Black Rock! Located on Fairfield Avenue in the heart of Black Rock. Easy access to restaurants, St. Mary's By the Sea, public transportation, expressways and a short walk to the train station. Two units: first floor unit is 1163 SF and has two bedrooms (one with a walk-in closet), a living and dining room with wood floors, and a kitchen with a large walk-in pantry. The second unit is comprised of 1247 SF on the second floor and an additional 801 SF of finished attic space with two additional bedrooms, storage space, and room to add a bathroom. The second floor has 2 bedrooms, a living and dining room with wood floors, kitchen with walk-in pantry and two balconies. There's a large garage with a shed in the back and plenty of off-street parking. Great opportunity to own income property in Black Rock! House sold AS IS. CASH OFFERS OR RENOVATION LOANS ONLY. SUBJECT TO PROBATE COURT APPROVAL This property is zoned as RX1 Residential-Office Corridor ^^^HIGHEST AND BEST OFFERS BY TUES MARCH 25TH AT 7 PM ^^^ Seller requests all offers on the Standard Form Contract.
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William Raveis Real Estate
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $319,200 | $319,200 | $319,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.037% | 6.152% |
Monthly Tax Payment | $803 | $803 | $803 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,991 | $2,097 | $2,672 |
Total Monthly Payment | $2,869 | $2,975 | $3,550 |
* 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.