Introducing a remarkable multi-family property with an incredible investment opportunity! This captivating building consists of three units, each featuring three bedrooms and one bathroom. The units are generously sized, ensuring comfortable living spaces for all occupants. Convenience is another highlight of this property, as it offers laundry facilities in the basement, ensuring convenience for all residents. Moreover, the property boasts ample parking options, ensuring that both residents and their guests have plenty of space. Additionally, a two-car detached garage provides secure storage for vehicles or additional belongings. Currently, the rents are below market value- By adjusting the rental rates to match the market value, you can unlock the full potential of this property and maximize your return on investment. Whether you're an investor seeking an opportunity to increase rental income or a homeowner looking for a property with potential for additional cash flow, this multi-family gem is the perfect choice. Don't miss out on the chance to own this fantastic property that combines functionality, convenience, and the potential for significant financial gains. Contact us today for more information and to schedule a viewing!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $500,000 | $500,000 | $500,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.282% | 6.538% |
Monthly Tax Payment | $373 | $373 | $373 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,411 | $3,369 | $4,287 |
Total Monthly Payment | $3,875 | $3,833 | $4,751 |
* 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.