Well-maintained 3-family home in New Bedford! This solid multi-family property features versatile layouts and strong rental income potential. Unit 1 offers 2 BR, a double parlor (front room easily converts to a 3rd BR), and convenient in-unit laundry. Unit 2 features 3 BR plus a flexible bonus room perfect for a 4th BR or home office. Unit 3 includes 2 spacious BR and ample living space. Major updates include brand-new PVC waste piping in the basement and separate utilities for each unit. The full basement provides excellent storage and additional Washer dryer hookups. Outside, enjoy a private backyard and off-street driveway parking for up to 3 cars. Excellent location just 1 mile from historic downtown New Bedford's shops, dining, and waterfront, and a short drive to the MBTA commuter rail to Boston. A rock-solid investment!
324 Cottage St, New Bedford, MA, 02740
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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