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This two-family home offers a strong investment with reliable rental income and long-term tenants already in place. The first-floor unit rents for $975/month with a lease through December 31, 2025, and the tenant would love to stay-making it an ideal turnkey option. The second-floor tenant has been in place for five years and currently rents for $1, 100/month (below market value) with a lease through June 30, 2026, offering excellent potential for increased future returns. Recent updates include a full exterior painting in March 2023 and a brand-new front deck installed in August 2023, boosting curb appeal and value. In August 2023, the first-floor bathroom was refreshed with a new toilet and vinyl flooring. Kitchen floor also replaced late 2023. Outside, tenants can enjoy a shared flat backyard-perfect for relaxing or outdoor activities. Nestled on a dead-end road, this property is conveniently located just minutes from shopping, downtown amenities, hospitals, and major highways. The current owner had planned to renovate the second-floor unit once the long-term tenant moved out, but for personal reasons relocated out of state and is sad to part with the property. The second-floor unit offers strong potential for renovation and an increase in market rental value. Property is being sold As-Is and is offering a one year American Home Shield Warranty. Property is being sold As-Is and is offering a one year American Home Shield Warranty. Property taxes are based on figures provided by the Waterbury Tax Assessor and reflect an estimated amount for the final year of the current tax phase-in schedule (2022-2026)
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $220,000 | $220,000 | $220,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.375% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.533% | 6.533% | 5.668% |
| Monthly Tax Payment | $258 | $258 | $258 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,284 | $1,373 | $1,783 |
| Total Monthly Payment | $1,617 | $1,706 | $2,116 |
* 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.