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This attractive two family rental at 147 Martin Street blends classic charm with thoughtful updates, creating an inviting property with built in income appeal. Each unit is separately metered and supported by two gas furnaces and two electric hot water heaters, offering efficiency and straightforward management, while newer windows throughout and a recently rebuilt front porch enhance both comfort and curb appeal. An added bonus is the finished attic area, which provides flexible space ideal for an additional bedroom, home office, or playroom. The first floor unit has been recently renovated and features an eat in kitchen, stylish vinyl flooring, a remodeled bathroom, in unit laundry hookups, fresh paint completed within the last few months, and updated light fixtures with a ceiling fan. This unit is currently leased at $1, 650 per month through July. The remodeled second floor unit offers its own eat in kitchen, laundry hookups, new toilet, bathtub, faucet, bathroom fixtures, a new kitchen faucet, new ceiling lights with fans, new thermostats, and has been freshly painted. This unit is leased at $1, 750 per month through September. Off street parking in the driveway adds everyday convenience, along with a two car garage conveyed as is. With strong rental performance, meaningful updates, and a convenient Hartford location, this property is a compelling opportunity for investors or owner occupants seeking reliable income and long term value.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
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 | $276,000 | $276,000 | $276,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.304% | 5.648% |
| Monthly Tax Payment | $337 | $337 | $337 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,633 | $1,677 | $2,237 |
| Total Monthly Payment | $2,045 | $2,089 | $2,649 |
* 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.