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Investment property opportunity in Mill St. area of Worcester! One unit will be vacant 8/1 for owner occupants. Located on a nice corner lot , close to Worcester State, Clark University, Holy Cross and The Worcester Airport! Enjoy views of Coes Reservoir; walk to Coes Pond Beach! Minutes from RT 9, & I-290. 4 units total, two 1 bedroom units and two 2 bedroom units. Unit 1R on the 1st floor has been completely renovated, all new vinyl flooring, granite counters, new lighting, walls and ceiling as well as electrical devices. Unit 1L has updated flooring. Individually metered units. Completely new, large paved driveway with parking lot space for 6 cars. Updates include : new roof, some new siding and fascia, separate meter electrical and exterior lighting. The porches and deck have been replaced. This property is turn key! One unit will be vacant for 8/1.
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Our Executive Mortgage Banker:
Our Insurance Division:
$789,900
William Raveis Real Estate
Phone: 888.699.8876
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $631,920 | $631,920 | $631,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.737% | 7.055% | 6.120% |
Monthly Tax Payment | $493 | $493 | $493 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,099 | $4,151 | $5,290 |
Total Monthly Payment | $4,684 | $4,736 | $5,875 |
* 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.