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Rare opportunity to own a multi-family home that has been cherished by the same owners for generations. Back in the 70's when bell-bottoms and disco were popular, a young couple was renting one of the units when the original owner decided it was time to sell. Instead of listing it publicly, the owner approached them first. They were fortunate to be in a position to say yes-and that decision shaped their future. They purchased the home, raised their large family here, and built a life filled with memories while the second unit provided steady passive income. Now, it's time for the next chapter. This well-maintained multi-family offers both warmth and smart investment potential. Both units feature hardwood flooring, updated windows, two new boilers, and a new water heater. The second-floor unit has been remodeled, and the partially finished attic includes two additional bedrooms that can easily be combined with the second-floor unit-creating a spacious four-bedroom layout and maximizing rental income potential. Whether you're looking to owner-occupy and offset your mortgage with rental income, or expand your investment portfolio, this property delivers flexibility and long-term value. Conveniently located near major transportation, medical facilities, shopping and within walking distance to public transportation-it offers accessibility that tenants and owners alike will appreciate. A home that once gave a young couple their start is ready to do the same for someone new. AS-IS.
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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 | $271,920 | $271,920 | $271,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.507% | 6.649% | 6.026% |
| Monthly Tax Payment | $394 | $394 | $394 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,674 | $1,717 | $2,258 |
| Total Monthly Payment | $2,143 | $2,186 | $2,727 |
* 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.