Presented byKathy Harrison |
Great 4 unit value add opportunity in the charming Fair Haven neighborhood in New Haven - surrounded by several single family homes! Closely connected to Grand avenue which runs through countless local businesses, schools, shopping + recreation. Boasting (2) 2 Bedroom Units + (1) 1 Bedroom. Market rent in the area for 1 beds are upwards to $1300 and 2 beds for $1500. . there is HUGE upside on this one! There is also additional 150 sq ft of unfinished space perfect for an office. The property has separate and tenant paid utilities, vinyl siding and off street parking. With some TLC, this property will be up and running in no time! The field card has the asset as a 3 Unit. The Building Department has the asset as a 4 unit. The Building Dept supersedes the assessor's card. As of 2009, the building card has electrical & occupancy as 4 units. IMPORTANT: AGENTS PLEASE READ AGENT TO AGENT REMARKS. Properties to be Sold As-Is, Where-Is. Inspections for Informational Purposes Only. FHA Buyers please have the Lender run the Self Sufficiency Test on the Rental Amounts to qualify property.
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Sales Associate
William Raveis Real Estate
Phone: 860.539.6263
Kathy.Harrison@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.641.8287
Dave.Beckman@raveis.com
NMLS Mortgage Loan Originator ID 10930
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $280,000 | $280,000 | $280,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.171% | 6.538% |
Monthly Tax Payment | $366 | $366 | $366 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,910 | $1,861 | $2,401 |
Total Monthly Payment | $2,351 | $2,302 | $2,842 |
* 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.