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46-52 Wauregan Road, Plainfield (Wauregan), CT, 06234 | $625,000
Exceptional investment opportunity with value add potential. This well maintained multifamily property is currently configured as 5 units with a possibility to convert to a 8 unit building. (Buyer to do due diligence). Many of the units have been updated or are in the process of being refreshed. Most are new windows, new floors paint appliances. The unit mix includes a spacious three bedroom two bath unit, a two bedroom two bath unit, two units are three bedrooms, one bathroom and 2 bedroom 1 bath. Whether you're looking to expand your portfolio or capitalize on a property with future development potential, this is a rare opportunity to step into a partially improved asset with room to grow. Don't miss your chance to maximize both cash flow and long-term value. This property has the ability to be up to 8 units. Owner pays heat. Owner pays electric for units 46, 54, 52. Units 48 & 50 are separate. Owner pays hot water for units 46 & 54. City gas is available for hookup. Roof is about 12 years old, but a portion of the porches need will need to be fix as well as garage. Selling As Is.
Features
- Town: Plainfield
- Rooms: 21
- Bedrooms: 13
- Baths: 7 full
- Units: 5
- Style: Units on different Floors
- Year Built: 1877
- Garage: 1-car Detached Garage
- Heating: Hot Water
- Cooling: None
- Basement: Full
- Above Grade Approx. Sq. Feet: 4,812
- Acreage: 0.82
- Est. Taxes: $5,602
- Lot Desc: Corner Lot
- Elem. School: Per Board of Ed
- High School: Plainfield
- MLS#: 24162995
- Website: https://www.raveis.com
/prop/24162995/4652waureganroad_plainfield_ct?source=qrflyer
Listing courtesy of Kazantzis Real Estate, LLC Phone: (860) 774-2733
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.
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888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@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
Robert ReadeInsurance Sales Director, William Raveis Insurance
860.690.5052
Robert.Reade@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
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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
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46-52 Wauregan Road, Plainfield (Wauregan), CT, 06234
$625,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $500,000 | $500,000 | $500,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.275% | 6.284% | 5.595% |
| Monthly Tax Payment | $467 | $467 | $467 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,918 | $3,038 | $4,052 |
| Total Monthly Payment | $3,477 | $3,597 | $4,611 |
* 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