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Exceptional multi-family with 2 spacious three bed/one bath units a heartbeat away from Stamford's most active beach. The curb appeal of this rare multi-family make it a perfect owner-occupied opportunity where you can live in one unit and potentially halve your mortgage by renting out the other. This well-maintained property also offers additional growth options as an investment property. Both units have the same footprint, which includes three bedrooms, one full bath, separate utilities, spacious eat-in-kitchen, hard wood floors, comfortable dining rooms, and light-filled living rooms with picture windows. The newly painted 2nd floor, accessed from the front door, boasts an updated bathroom, newer kitchen cabinets, ample attic storage and a nice, elevated back deck. Heat and hot water for this unit are supplied by an efficient tankless Navien hot water system. The 1st floor unit includes a washer and dryer in the basement, and an oil fueled boiler providing both heat and tankless hot water. The tenant in this unit offers reliable income having lived there for 11 years and, as a bonus, he does the landscaping as part of his rent. The basement is shared, providing extra storage for the 2nd floor unit, interior access for the 1st floor and includes a large partially finished bonus room. Outside is a shared detached 2 car garage, one each, and a recently expanded parking lot allowing space for 3 cars. The ample back yard allows for full sun relaxation and entertainment.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.952.8600
Joseph.Mollica@raveis.com
NMLS Mortgage Loan Originator ID 130058
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $840,000 | $840,000 | $840,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.246% | 6.110% | 5.952% |
| Monthly Tax Payment | $945 | $945 | $945 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $4,574 | $5,036 | $6,975 |
| Total Monthly Payment | $5,644 | $6,106 | $8,045 |
* 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.