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41 Spring Street, Middletown, CT, 06457 | $365,000
Investors & owner-occupants alike-take notice! This multi-family property sits in the heart of downtown Middletown, just minutes from Route 9 & seconds from the city's Main Street, offering easy access to shopping, dining & local amenities. Endless potential awaits the right buyer. Located on the edge of downtown Middletown, Spring St. is a quiet one-way street with a dedicated bike lane. The property is being sold as is, with inspections for informational purposes only. The 1st-floor unit will be delivered vacant, making it ideal for an owner-occupant & was fully renovated in 2020 featuring a modern kitchen with updated cabinetry, stainless appliances, new countertops & new flooring . The laundry area is conveniently located just off the kitchen. A recently renovated full bathroom is nearby. The living room and dining room are just steps away and both lead to two comfortable bedrooms. The 2nd-floor unit offers a similar layout and includes two bedrooms, a living room, dining room, kitchen with laundry, and a full bathroom. This unit also features a front-facing deck, adding great outdoor space. The 3rd-floor unit is smaller & functions more like a studio. It includes an eat-in kitchen, a living room/bedroom combination & a small bonus side room. Laundry hookups are also available in this unit. Updates include a new roof & gutters 2021. The 1st and 2nd floors are heated by gas, while the 3rd floor has electric heat. The property also features a detached 2-car garage. breakdown -- please note *** rents are way below market value because they have been there for a long time period the new owner is most likely going to increase them or remove the tenants as they are purposely month to month for that reason *** 3rd floor 1/1, (occupied) $795 (month to month- been there over 8 years) 2nd floor 2/1, (occupied)$1, 000 this renter also rents both garage bays. (Month to month - Been with us over 5 years) also helps with plowing and yard maintenance. 1st floor - owner stays there but it will convey vacant ** multiple offers ***
Features
- Rooms: 11
- Bedrooms: 5
- Baths: 3 full
- Units: 3
- Laundry: All Units Have Hook-Ups
- Style: Units on different Floors
- Year Built: 1896
- Garage: 2-car Detached Garage
- Heating: Hot Water
- Cooling: None
- Basement: Full,Unfinished,Full With Hatchway
- Above Grade Approx. Sq. Feet: 2,277
- Acreage: 0.14
- Est. Taxes: $7,132
- Lot Desc: Level Lot
- Elem. School: Per Board of Ed
- High School: Middletown
- MLS#: 24148881
- Website: https://www.raveis.com
/prop/24148881/41springstreet_middletown_ct?source=qrflyer
Listing courtesy of Coldwell Banker Realty Phone: (203) 481-4571
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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Dave BeckmanVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 10930
203.641.8287
Dave.Beckman@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Brian KellyInsurance Sales Director, William Raveis Insurance
860.655.6934
Brian.Kelly@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
Ray CashenPresident, William Raveis Attorney Network
203.925.4590
For homebuyers and sellers, our Attorney Network:
- Consult on purchase/sale and financing issues, reviews and prepares the sale agreement, fulfills lender
requirements, sets up escrows and title insurance, coordinates closing documents - Offers one-stop shopping; to satisfy closing, title, and insurance needs in a single consolidated experience
- Offers access to experienced closing attorneys at competitive rates
- Streamlines the process as a direct result of the established synergies among the William Raveis Family of Companies
41 Spring Street, Middletown, CT, 06457
$365,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Dave Beckman
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.641.8287
Dave.Beckman@raveis.com
NMLS Mortgage Loan Originator ID 10930
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $292,000 | $292,000 | $292,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.395% | 6.520% | 5.900% |
| Monthly Tax Payment | $594 | $594 | $594 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,751 | $1,822 | $2,405 |
| Total Monthly Payment | $2,420 | $2,491 | $3,074 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
CT Mortgage Correspondent Lender License 15524