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Situated on a quiet cul-de-sac, this well-positioned three-family property presents an excellent opportunity for both owner-occupants and investors. All three units are currently leased, providing immediate strong rental income. Front unit on 2nd floor is one bedroom with one living room, kitchen and bathroom. Back unit on 2nd floor has 3 bedrooms with fireplaced open kitchen, living room and bathroom. The first floor unit has two good sized bedrooms, one office/ bedroom, 1. 5 bathroom, open kitchen with living room and central AC. Each unit offers its own private front entrance. In-unit Washer and dryer in each unit. The building features separate meters for electricity, gas heating and hot water. Off-street parking accommodates approximately 5 vehicles side by side. Conveniently located within a short walk to Malden Center MBTA station, and with easy access to 93, Fellsway West, nearby amenities, and strong upside potential. Group showing April 7th at 5: 00pm.
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$1,189,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $951,200 | $951,200 | $951,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | $778 | $778 | $778 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,253 | $5,703 | $7,899 |
| Total Monthly Payment | $6,156 | $6,606 | $8,802 |
* 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.