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Strong opportunity for both owner-occupants and investors. This well-configured two-family property offers immediate income with additional upside through unit optimization and rental growth. The first-floor unit features a functional 2-bedroom layout and is currently rented on a month-to-month basis, providing flexibility and future income potential. The upper unit spans the second and third floors, offering approximately 1, 487 sq ft of living space with a spacious living area, eat-in kitchen, three well-proportioned bedrooms, and additional bonus space. This unit is currently vacant, creating an ideal setup for an owner-occupant or the ability to achieve projected market rents in the $1, 800-$2, 100 range. Set on a fenced and gated lot, the property includes a private driveway with ample off-street parking and usable yard space-features that enhance both tenant appeal and long-term value. Positioned in a central Hartford location with strong rental demand, the property offers convenient access to downtown Hartford, major employers, hospitals, and business corridors. Commuting is streamlined with quick connections to I-84 and I-91, while nearby shopping, dining, and everyday amenities add to long-term tenant stability and desirability. Whether you're looking to live in one unit while offsetting your expenses or expand your portfolio with a high-potential asset, this property presents a compelling opportunity.
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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 | $260,000 | $260,000 | $260,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.133% | 6.739% | 5.952% |
| Monthly Tax Payment | $385 | $385 | $385 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,497 | $1,665 | $2,159 |
| Total Monthly Payment | $1,957 | $2,125 | $2,619 |
* 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.