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A rare opportunity to own a versatile, income-producing property with mixed-use potential in one of Bristol's most desirable locations! Currently operating as a successful Airbnb, this charming 2-family property offers endless possibilities in the heart of downtown. This property allows for a two-dwelling configuration with a bonus space, making it ideal for investors, owner-occupants, or those seeking a live/work option. The 1st floor unit is currently configured with a studio style space featuring soaring ceilings, an open living/dining/sleeping area, along with a large closet + full bathroom. The rear portion of the unit includes a spacious bedroom, an additional full bathroom, laundry hookups + kitchen, offering excellent flexibility for residential or guest accommodations. The townhouse-style second unit is beautifully updated and well suited as an owner's residence. The modern chef's kitchen showcases marble countertops, a large island, built in window seating and plenty of cabinetry. This unit has three bedrooms + 2. 5 bathrooms, including a primary with ensuite bath & spacious closets. Ductless mini-split systems throughout each unit provide efficient comfort. Enjoy views of downtown and the waterfront, along with a front-row seat to Bristol's iconic Fourth of July parade from the expansive front porch. Rear patio with new stonework creates an inviting space for outdoor entertaining. Additional highlights include tandem off-street parking for 2 vehicles + gas heat.
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$1,295,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
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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 | $1,036,000 | $1,036,000 | $1,036,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.875% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.001% | 5.858% | 5.681% |
| Monthly Tax Payment | $743 | $743 | $743 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,483 | $6,046 | $8,465 |
| Total Monthly Payment | $6,351 | $6,914 | $9,333 |
* 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.