Welcome to your next investment opportunity in the heart of Barre City, Vermont! This multifamily property is strategically positioned for convenience, catering perfectly to VTC students, hospital employees, and anyone seeking proximity to the bustling center of Barre City. Comprising three spacious 2-bedroom, 1-bathroom units alongside a generous 3-bedroom, 1-bathroom unit, this property offers ample living space for tenants. The 3 bedroom unit tenants own the appliances included the washer and dryer in unit. The unit itself features hardwood and carpet flooring. The thoughtfully designed floor plans ensure flexible and comfortable bedrooms, complemented by bright, sunlit interiors that create a warm and inviting atmosphere. New toilets in units 1 & 2 with all new plumbing in unit 4. The roof was almost totally replaced just a few years and a new hot water tank for unit #4 was added in 2021 and in 2018 for unit #1. Additionally, a sizable unfinished basement provides tenants in unit #4 with access to laundry facilities and ample storage space. Don't miss out on this prime investment opportunity - seize it before it disappears from the market!
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Our Executive Mortgage Banker:
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$369,900
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 | $295,920 | $295,920 | $295,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.880% | 7.042% | 6.276% |
Monthly Tax Payment | $650 | $650 | $650 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,994 | $1,944 | $2,496 |
Total Monthly Payment | $2,719 | $2,669 | $3,221 |
* 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.