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Positioned in the vibrant West End neighborhood of Bridgeport, 110 Coleman Street presents an exceptional opportunity for both investors and owner-occupants alike. Encompassing 4, 399 square feet, this expansive multi-family property is thoughtfully configured across four well-laid-out units. The first-floor unit spans the entire level and features 3 bedrooms, 2 full bathrooms, plus a den, complemented by a formal living room, dining room, and an eat-in kitchen offering a spacious and functional layout ideal for comfortable living. The second floor is comprised of two separate 1 bedroom, 1 bathroom units, each providing practical layouts suited for steady rental income. The fourth unit, located on the third floor, is a 1 bedroom, 1 bathroom residence that offers unique character and appeal. All units are equipped with separate utilities, enhancing efficiency and ease of management. Additional highlights include a walk-out unfinished basement complete with an added full bathroom, presenting excellent value-add potential, as well as a private driveway leading to a detached one-car garage. Ideally situated within walking distance to downtown Bridgeport and major transportation hubs, this property offers both convenience and strong long-term investment potential in an increasingly desirable urban setting. If offer is owner occupied or second home then the Seller's preferred lender is MDE Home Loans LLC; MDE is offering up to $3, 000. 00 lender credit/closing cost incentive to all buyers financing through MDE Home Loans. Contact James Mason President (O)732-359-7425, (c)646-283-3403 james@mdehl. com, include MDE pre-qualification letter with offer submission All investor financed offers should include a pre-approval from the seller's preferred lender TVC Funding (Temple View Capital). You may obtain a pre-approval by calling 1-844-344-4968.
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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 |
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| Loan Amount | $479,920 | $479,920 | $479,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.730% |
| Monthly Tax Payment | $887 | $887 | $887 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,874 | $2,994 | $3,919 |
| Total Monthly Payment | $3,852 | $3,972 | $4,897 |
* 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.