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Discover the perfect blend of location, space, and character in this 2, 800 sq ft multi-family gem, nestled in the heart of East Rock. This well-maintained home offers two distinct apartments, each with hardwood floors throughout. The first-floor unit features 2 comfortable bedrooms, a full bathroom, a sun-filled living room, dining room, and a spacious kitchen. Upstairs, the second unit, formerly occupied by the owner is full of updates including a complete energy sytem resulting in almost no monthly electric bill. This second floor unit offers even more flexibility with 3 bedrooms and 2 full bathrooms, including a primary suite and a generous open-concept living and dining area. Ideal for investors or owner-occupants, the first floor is leased until 2026 and the second floor is currently partially leased until 2026- the property also includes shared backyard space and basement storage. Easy access to all New Haven area universities including Yale, Albertus Magnus, UNH, Quinnipiac, and I-95, I-91, Tweed airport, and Union train station. Just steps to great restaurants, local markets, coffee shops, and East Rock Park, this property delivers both income potential and lifestyle appeal in a prime location. PLEASE SEE ATTACHED UPDATE SUMMARY
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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 | $599,920 | $599,920 | $599,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.197% | 6.156% | 5.609% |
| Monthly Tax Payment | $1,095 | $1,095 | $1,095 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,406 | $3,593 | $4,862 |
| Total Monthly Payment | $4,593 | $4,780 | $6,049 |
* 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.