Opportunity knocks! Don’t miss this rare chance to own a four-unit investment property with an adjacent 5000 Sq. Ft lot (14 W Cottage). This 4-family brick rowhouse-style building has over 3, 500 sq ft of living space and is rented with long-term tenants(one vacant unit). Two of the units have 5 rooms, 2 bedrooms, & one full bath, one unit has 6 rooms, 3 beds, & 1 bath, and one unit has 3 rooms, one bedroom, & 1 full bath. All electric heat, fully de-leaded units, newer vinyl siding in the rear, and some replacement windows. The tenants are currently using the vacant lot for parking. The adjacent 5, 000 sq ft lot has a deed restriction on it. Please see attached documents. PLEASE DO NOT DISTURB THE TENANTS OR WALK THE LAND WITHOUT PERMISSION FROM LISTING AGENTS.
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William Raveis Real Estate
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Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $999,200 | $999,200 | $999,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.875% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.430% | 6.977% | 6.790% |
Monthly Tax Payment | $641 | $641 | $641 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,071 | $6,564 | $8,773 |
Total Monthly Payment | $6,837 | $7,330 | $9,539 |
* 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.