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Rare opportunity to own this spacious two-family home in Springfield’s desirable Forest Park area! 24 Hiawatha St offers strong owner-occupant or investment potential with a flexible layout and recent improvements throughout. Unit 1 features a well-sized 2-bedroom layout and is currently leased at $2, 000/month, providing immediate rental income. Unit 2 spans two levels with 5 bedrooms, offering townhouse-style living with room for additional living areas, office space, or rental upside. Unit 2 will be delivered VACANT after 5/15, creating immediate opportunity for an owner-occupant or market rent potential. Recent exterior updates include driveway resurfacing, chimney repairs, and concrete repairs around basement foundation. Property has a Letter of Full Deleading Compliance. Photos taken prior to current tenant occupancy. Conveniently located near parks, schools, shopping, and major routes. A must-see multi-family with size, flexibility, and value!
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Our Executive Mortgage Banker:
Our Insurance Division:
$529,900
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $423,920 | $423,920 | $423,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.275% | 6.284% | 5.595% |
| Monthly Tax Payment | $404 | $404 | $404 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,474 | $2,576 | $3,436 |
| Total Monthly Payment | $2,970 | $3,072 | $3,932 |
* 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.