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If you are a contractor and need a place to live, rent for additional income and lease out a separate 2 bedroom apartment on one site, this is for you! This I2 Industrial zoned, which has a grandfathered residential 2-family house, delivers on every level-whether you seek a home-based business location, a contractor's yard, or a future commercial development. opportunity. The property location provides the abundant parking and exposure required for an auto enthusiast, landscaper, electrician, or HVAC professional, while the backyard remains a true sanctuary. A portion of the acreage consists of protected wetlands, ensuring a permanent privacy buffer and lush views leading to a private wooden bridge over a babbling brook. Enjoy direct access to the Rails-to-Trails system for miles of hiking and biking right from your back door. Rest easy with a brand-new roof 2025, independent AireForce heat pumps 2021/2025, and modernized kitchens and bathrooms featuring stainless steel appliances and new cabinetry 2021-2025. This grandfathered and legal 2-family house is currently being used as a 1-family/one unit residential house for his family, while utilizing the exterior for parking his work trucks. The owner will put back the separating wall if requested to bring it back to 2 units. Separation is by 2nd staircase hallway. A new owner can keep it as a residential house for their own family, they can bring it back to a 2-family house by having the owner put back the wall that separates the units AND/OR can use part of the house for business and part for residential. This is a unique opportunity for the person that wants a place to live, work and obtain potential investment income.
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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 | $516,000 | $516,000 | $516,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | $755 | $755 | $755 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,177 | $3,258 | $4,285 |
| Total Monthly Payment | $4,024 | $4,105 | $5,132 |
* 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.