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Extensively renovated in 2015, this three-family offers a compelling opportunity to add a well-maintained asset to your portfolio. The property consists of two 3-bedroom units and one 2-bedroom unit, a rare 8-bedroom total configuration. Originally owner-occupied, the building was updated with quality and long-term ownership in mind, and it shows throughout. Each unit features updated kitchens, bathrooms, flooring, and quality appliances. All three apartments offer impressive ceiling height, well-sized bedrooms, and thoughtfully designed layouts. Natural gas fired forced air heating and central air cooling in all units, a rare and desirable combination in multi-families, adds comfort and helps support strong rental potential. Plumbing throughout has been upgraded to PEX- long term value add to an investment property! The basement is exceptionally organized and functional, with coin-operated laundry already in place for added income. Exterior features include low-maintenance vinyl siding, ample off-street parking, and a level, fenced-in yard with usable outdoor space. Conveniently located near Griffin Hospital and with easy access to Route 8, this location supports strong tenant demand and accessibility. Well-maintained multi-families with low cost of ownership are increasingly hard to find, as many have been deferred or overlooked over time. This is a property that has been consistently cared for, offering stability today with long-term upside.
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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 | $520,000 | $520,000 | $520,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.628% | 5.866% |
| Monthly Tax Payment | $516 | $516 | $516 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,114 | $3,283 | $4,283 |
| Total Monthly Payment | $3,722 | $3,891 | $4,891 |
* 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.