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Investment opportunity in the heart of Downtown New Haven steps from Broadway & Yale, with an incredible rent roll of $8, 172 per month. The first floor is a 1, 154 sq ft, two-bedroom, one-bath apartment currently leased for $2, 173 per month. The unit has an open layout with a spacious living & dining area featuring wood floors and an exposed brick chimney. Kitchen with stainless steel appliances, light wood cabinetry and ample counter and cabinet space. There are two bedrooms with a partially updated bathroom. The second & third floor unit is a massive 6 bedroom, 2 bath apartment currently rented for $5, 999 per month. The main level has a sunny living room, a large eat in kitchen, 4 bedrooms, and 1 bathroom. And the third floor offers two additional bedrooms with vaulted ceilings, a bathroom, and a second living space with skylights. Big bonus: a private backyard with patio! The building has separate utilities (gas & electric), new roof (2025), one new furnace and most of the windows have been replaced.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
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For homebuyers and sellers, our Attorney Network:
$799,000
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 | $639,200 | $639,200 | $639,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.403% | 6.508% | 5.668% |
| Monthly Tax Payment | $903 | $903 | $903 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,828 | $3,988 | $5,180 |
| Total Monthly Payment | $4,823 | $4,983 | $6,175 |
* 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.