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Don’t miss your chance to own this unique income-generating 2-family home in the heart of downtown Natick, just steps from the Common, commuter rail & shops! This property is loaded with potential for investors, owner-occupants, or contractors ready to bring their vision & sweat equity. With its unbeatable location & versatile layout, you can rent both units for solid income or live in one & rent the other. Located in a Historic District, the home offers charm and character, but any renovations will require board review. Buyers & their agents should perform their own due diligence. Tons of potential in a sought-after neighborhood. Live/rent or invest, flexible use. This is truly a one-of-a-kind property ready for your finishing touches! Great investment opportunity! This well-maintained two-family property is currently fully rented, offering immediate rental income. Each unit is occupied by reliable tenants, making this an ideal turn-key investment.
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Our Executive Mortgage Banker:
Our Insurance Division:
$784,999
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 781.490.5670
Andrew.vanDyk@raveis.com
NMLS Mortgage Loan Originator ID 23716
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $627,999 | $627,999 | $627,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.132% | 5.415% |
| Monthly Tax Payment | $764 | $764 | $764 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,566 | $3,761 | $5,007 |
| Total Monthly Payment | $4,422 | $4,617 | $5,863 |
* 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.