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Discover a rare investment opportunity in one of Branford's most desirable shoreline neighborhoods. Located just steps from the water, 2 West Haycock Point presents a well-maintained 3-unit multifamily property ideal for owner-occupants, investors, or those seeking a reliable, income-producing asset near the shoreline. This property offers 3 bright units, each with a private entrance & thoughtfully designed layouts that attract long-term tenants. The home's classic New England charm blends seamlessly with its coastal surroundings. The property includes a large paved driveway with ample off-street parking, exterior storage space & a grassy yard with garden area. Unit Breakdown: 1st Floor (Unit B): Renovated 1 bed/1 bath featuring in-unit laundry, a comfortable living room, & an updated eat-in kitchen w/breakfast bar, new cabinets, stainless steel appliances & modern finishes. 1st Floor(A): 1 bed/1 bath apartment with its own private front porch, perfect for relaxing and enjoying the neighborhood. 2nd Floor Unit (Two Levels)(C): 3 bed/1. 5 baths, in-unit laundry, living room, eat-in kitchen & an enclosed front porch. The location delivers true coastal living-distant views of Long Island Sound & walking distance to area beaches, local restaurants, marinas, scenic routes & Foote Park. Minutes to Branford's vibrant town center, easy access to I-95 & the Shore Line East commuter rail. 20 minutes to Yale University & Yale New Haven Hospital. The rentals are below market value because the tenants have been there a long time, have been great to the landlord and want to stay so he has not raised them. *Please note this was on the market a few months ago and under contract and fell apart -since then the seller has made unit a vacant and done the bathroom repair issue that came up on the inspection *
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William Raveis Real Estate
Phone: 888.699.8876
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
VP, Mortgage Banker
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $540,000 | $540,000 | $540,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.258% | 6.304% | 5.628% |
| Monthly Tax Payment | $880 | $880 | $880 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,109 | $3,281 | $4,377 |
| Total Monthly Payment | $4,081 | $4,253 | $5,349 |
* 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.