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Excellent opportunity for owner-occupants and investors alike at 29 Roosevelt Ave in Stamford. This well-maintained two-family home offers flexibility, income potential, and recent updates throughout, making it an ideal option for anyone looking to live in one unit while renting the other, or for an investor seeking a vacant multi-family property ready for its next chapter. The home features 1, 982 sq ft of living space with 3 total bedrooms and 2 full bathrooms across two units, plus a finished basement with an additional bathroom. The first-floor unit offers 1 bedroom and 1 bathroom, while the second-floor unit features 2 bedrooms and 1 bathroom. Both units have been freshly improved with newly finished hardwood floors, fresh interior paint, and new kitchen flooring, giving the property a clean and refreshed feel. The semi-finished basement adds valuable flexibility, featuring a separate entrance, heat, laundry hookups, and a bathroom. This space can be kept for owner use, storage, additional recreational space, or potentially rented together with Unit 1, depending on the buyer's needs. Set on a 0. 11-acre lot, the property also includes a newly sealed driveway and garage parking, offering convenient off-street parking in a highly accessible Stamford location. Separated natural gas utilities add to the home's functionality, and with both units currently vacant, the next owner has the ability to set rents, choose occupants, or move in immediately. Additional recent upgrades include a new water heater, freshly painted windows, and sealed garage floor. Located close to I-95, this property offers convenient access to major commuter routes, downtown Stamford, shopping, dining, public transportation, and local amenities. Whether you are looking to offset your mortgage with rental income, create a multigenerational living setup, or add a Stamford two-family property to your portfolio, this home delivers strong flexibility and long-term value.
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William Raveis Real Estate
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Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.952.8600
Joseph.Mollica@raveis.com
NMLS Mortgage Loan Originator ID 130058
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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 | $559,200 | $559,200 | $559,200 |
| 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 | $753 | $753 | $753 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,349 | $3,489 | $4,566 |
| Total Monthly Payment | $4,194 | $4,334 | $5,411 |
* 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.