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Very attractive Lincoln 4 unit multi family apartment building on Pollard Road only one mile from Loon Mountain's main entrance. STRONG long term rental history, currently all occupied. The property sits on 3/4 of an acre and abuts 12 acres of conservation land. Many options for the new owner. Save the 2900 square foot apartment for your own family use and offset the mortgage with the rental income from the other 3 apartments or use one of the smaller ones for yourself. You could even get together with a couple of other families and buy your own ski club house! All the units' utilities are separate including their own heating systems and electrical panels. Although it was built in 1901, it was remodeled in the late 80's updating the infrastructure. This over 5000 square foot property takes less than $4100 to heat! The roof is only 10 years old. Come sit on the front porch and watch the sun rise to the left and sun set to the right.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $716,000 | $716,000 | $716,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.625% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.712% | 6.764% | 6.435% |
Monthly Tax Payment | $518 | $518 | $518 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,178 | $4,585 | $6,139 |
Total Monthly Payment | $4,788 | $5,195 | $6,749 |
* 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.