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Back on market, buyer did not qualify for loan. This is an 11 unit apartment building. 2 units have 2 bedrooms, kitchen, living room and 1 full bathroom. 5 units are large 1 bedroom with living room, kitchen and 1 full bathroom. 4 are smaller with 1 bedroom, kitchen and 1 full bathroom. All units are separately metered with electric. They all have electric baseboards for heat with sub panels in apartments and each have their own electric hot water heater. No furnaces to worry about and no gas in building. Owner only pays for common area lights, cameras and internet which is on a separate owners meter. Pressure reducer valve was added on main so you can control water pressure. Trash is done by city. Roof and siding are 4 years old, new locked mailboxes installed 1 year ago, 8 ring cameras from 2025, all meters and apartments are labeled. Most units have been updated over the past year and almost entire building has been painted on interior. 2 brand new canopies were built in 2026 for 2 back apartments. Only selling because owner is moving out of state. Please check out other listing MLS# 24163790 which is located right down the street, can be combined 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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $959,920 | $959,920 | $959,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.349% | 6.183% |
| Monthly Tax Payment | $1,128 | $1,128 | $1,128 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,450 | $5,910 | $8,100 |
| Total Monthly Payment | $6,703 | $7,163 | $9,353 |
* 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.