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Exceptional Black Rock Multi-Family - Timeless Character & Rare Value Nestled in the heart of the highly coveted Black Rock neighborhood, this impressive 3-unit multi-family residence with a 2-car garage blends classic architectural elegance with modern functionality. Each unit is highlighted by hardwood floors, stately columns(2nd floor), high ceilings, and generously proportioned living and dining rooms that create a bright, open, and welcoming atmosphere. Updated eat in kitchens on 1st and 2nd floors and updated baths in all 3 apartments, offer contemporary comfort while preserving the home's authentic charm. 1st and 2nd floors are oil heat while the 3rd floor unit is gas. The property does require exterior maintenance and select cosmetic updates, presenting a prime value-add opportunity for investors or owner-occupants eager to enhance and customize a home of this caliber. With its desirable location, strong rental potential, and undeniable character, opportunities like this-especially at this price point-are increasingly rare. A compelling chance to own a distinguished multi-family property in one of the area's most sought-after communities. Home has some peeling paint and older heating systems and is being sold as is. The roof and chimney work are just 7 years young and one oil tank just a couple years old.
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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 | $476,000 | $476,000 | $476,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.307% | 6.419% | 5.668% |
| Monthly Tax Payment | $890 | $890 | $890 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,778 | $2,931 | $3,858 |
| Total Monthly Payment | $3,760 | $3,913 | $4,840 |
* 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.