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Fantastic duplex located just minutes from Burlington! This turn-key investment opportunity is ideally situated with quick access to I-89, shopping, dining, and local colleges, making it a convenient location for many lifestyles. This standout property features two charming and homelike 2-bedroom, 1-bathroom units, each offering spacious bedrooms and thoughtful layouts. The large partially-fenced backyard provides outdoor space to enjoy, and unit 64 includes a sunny back deck - perfect for BBQs or relaxing in the sun. Inside unit 64, a dedicated mudroom with washer/dryer adds everyday convenience. Recent updates enhance both units. Unit 64, downstairs, has been refreshed with new interior paint, new carpet, new stove and refrigerator, a replaced door, and deck repairs. Unit 66, upstairs, includes a new refrigerator and new carpet. Both units have updated smoke detectors, and both hot water tanks have been replaced. With reliable tenants already in place, this well-maintained duplex is ready to go and an excellent addition to any portfolio. Don’t miss out on this exceptional opportunity!
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Our Executive Mortgage Banker:
Our Insurance Division:
$630,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $504,000 | $504,000 | $504,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.037% | 6.066% |
Monthly Tax Payment | $642 | $642 | $642 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,144 | $3,311 | $4,185 |
Total Monthly Payment | $3,878 | $4,045 | $4,919 |
* 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.