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Newly renovated Branford multi! Total heated sq feet 3240. Everything new: no updates to make. Live in the 700 sq foot studio apt and net $46000 a year after paying the whole building's annual expenses. Public water, sewer, gas. Basement studio apt faces west and has great sunlight from normal windows because the building is built on a slope! Studio apt is 700 sq feet, elec heat, no c/a, 1 full bath, laundry hookups, not on tax card, currently for rent for $2100 all util included; see MLS 24153079. 3 APTS total: ground level walkout basement studio, 1st floor main level apt, and 2nd floor apt. 1st floor apt rented w lease end 02/20/27. 2nd fl apt: rented at $2200 current with lease end 04/01/2026 and tenants will then pay $2400 and plan to stay the summer month to month. Parking for 5 cars: 2 spots each for 1st floor and 2nd floor units, 1 spot for studio unit. 2nd floor tenants installed elec car charger; the wiring for it will stay, as installed in the side of the building, but they will take the "nozzle. " 1st floor unit approx 1300 sq feet with 3 bedrooms, a den/office/small 4th bd, 1. 5 baths, hardwood, c/a, granite. 2nd floor apt approx 1240 sq ft and has 3 bedrooms, 1 full bath, hardwood, c/a, granite. Total heated sq ft approx 3240. Taxes $9238, sewer $800/yr, water approx $320/yr, insur approx $2600/yr. Basement has util room for mechanicals and laundry hookups for 1st and 2nd floor units.
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William Raveis Real Estate
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Contact@raveis.com
VP, Mortgage Banker / Production Manager
William Raveis Mortgage, LLC
Phone: 203.305.5736
Kevin.DeTullio@Raveis.com
NMLS Mortgage Loan Originator ID 1724767
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William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $716,000 | $716,000 | $716,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.259% | 6.164% |
| Monthly Tax Payment | $770 | $770 | $770 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,065 | $4,350 | $6,042 |
| Total Monthly Payment | $4,927 | $5,212 | $6,904 |
* 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.