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Back on the market, buyer did not qualify for loan. We have financing options with lenders that service rooming houses. This is a fully occupied 14 unit permitted rooming house with a 5 bay garage and 4 full bathrooms. 12 units are single room, 1 unit is a double room and 1 unit is a 1 bedroom apartment with full kitchen and bathroom. There are 3 other full bathrooms in common areas, 1 on each floor, all with tile. 8 hard wired ring cameras throughout, pin code locks on front door and common area bathrooms and hard wired fire system for safety and security. There are 3 coin washers and 3 coin dryers in common areas. Each unit has a microwave and fridge, apartment also has an electric stove. Entire building was insulated on all exterior walls and attic in 2025 with USA Premium Foam R-5. 1, paperwork can be shown. Garage had all new doors installed in 2024 and 4 bays are rented, 1 bay is used for storage. New 40 gallon gas water heater in 2025. Heated by electric baseboards in each unit controlled by locked central thermostats. Owner pays gas, water/sewer, electric and internet, trash is done by city. Great property to add to any portfolio looking for huge cashflow. Only selling because owner is moving out of state. Combine with MLS# 24164287 which is right down the street for major cashflow and easy to manage being so close.
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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 |
|
|---|---|---|---|
| Loan Amount | $479,920 | $479,920 | $479,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.324% | 6.398% | 5.614% |
| Monthly Tax Payment | $792 | $792 | $792 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,839 | $2,955 | $3,890 |
| Total Monthly Payment | $3,723 | $3,839 | $4,774 |
* 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.