Investment Opportunity! Diverse Income-Generating Property on 2. 45 Acres! Welcome to a unique investment opportunity nestled in a serene setting, boasting a diverse portfolio of rental units that promise reliable cash flow and growth potential. This property features a four-unit apartment building, a charming cottage, two mobile homes, as well as additional income from garages and storage units, all situated on a generous 2. 45 acres of land with views!4-Unit Apartment Building: 3 units are 1 bedroom units with the 2nd unit being a 2 bedroom, 2 bath, newly renovated unit. Charming Cottage: A cozy 1 bedroom unit with privacy from other tenants has character and charm. Two Mobile Homes: These mobile homes each offer 3 bedrooms and 2 baths and also offer some privacy from the other residents. Garages and Storage Units: Capitalize on the demand for storage solutions in the area with multiple garages and storage units, providing additional income streams that enhance the overall profitability of the property. Land and Location: Spanning 2. 45 acres, this property provides ample space for outdoor activities, & possibly potential expansion. Located within an easy commute to Hudson and the TSP makes this easy for commuters. Investment Potential: With multiple income streams and the potential for rental growth with market adjusted rents, this property is perfect for seasoned investors or those looking to enter the real estate market. The diverse rental options minimize risk and ensure steady cash flow, making it a smart investment. Unit #5-Mobile Home, Lot # 2 White unit: Living room 15. 10 x 14, Kitchen 12 x 14, 3 Bedrooms: 11 x 14, 12. 11 x 14, and 9. 2 x 11. 2 Full Baths including primary bath 5. 10 x 14, Laundry 5 x 6. Range, Refrigerator, washer and dryer belong to the tenants. Deck Front 7. 6 x 7. 4, Rear Deck 13. 5 x 10. Unit is Occupied, $975. 00/month. Unit #6- Mobile Home, Lot#1, Tan unit: Living room 16. 5 x 13. 3, Kitchen 11. 3 x 13. 3, 3 Bedrooms: 9. 9 x 13, 15. 5 x 13, 9. 8 x 7. 6. 2 Full baths incl. primary bath 5. 6 x 13, Laundry 5. 6 x 7. Range & Refrigerator, washer & dryer are tenants. Unit is occupied, $950. 00/month. Unit # 7-Cottage, Kitchen/Liv. combo, 13. 9. 7, Bedroom 12. 10 x 11. 4, Bath 7. 3 x 4. 8, range & refrigerator unit occupied $650/month. Units #8-Storage units, unit #1 $80, #2 $125, #3 $75, #4 owner, #5 $125, #6 $130; 1 car Garage $125; 2 car for owner's use, but could be rented also.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $479,920 | $479,920 | $479,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.025% | 6.132% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,033 | $3,153 | $4,018 |
Total Monthly Payment | $3,125 | $3,245 | $4,110 |
* 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.