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Exceptional investment opportunity in the heart of desirable Wellington! This well-maintained 2-unit duplex offers strong income potential and excellent long-term value in one of the area's most sought-after locations. Each spacious unit features 3 bedrooms, 2 bathrooms, and a private 1-car garage, making this property highly attractive for both tenants and owner-occupants alike. The property has seen significant recent improvements, including a brand-new roof for added peace of mind and reduced future maintenance costs. One unit has been completely renovated with modern upgrades throughout, featuring a brand-new kitchen with updated cabinetry and finishes, beautifully remodeled bathrooms, new flooring, impact windows and sliding glass doors, fresh interior paint, and more. Both units offer functional floor plans with generous living areas, natural light, and private outdoor space. The large fenced backyard with a wooden privacy fence provides plenty of room for entertaining, pets, or outdoor enjoyment. Located in an excellent Wellington location, this duplex is conveniently close to major retail centers, restaurants, hospitals, schools, parks, and everyday conveniences, while also offering easy access to major roadways. Whether you are looking to expand your investment portfolio, generate rental income, or live in one unit while renting the other, this property presents a rare opportunity with outstanding upside potential.
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William Raveis Mortgage, LLC
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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $636,000 | $636,000 | $636,000 |
| 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 | $975 | $975 | $975 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,916 | $4,016 | $5,281 |
| Total Monthly Payment | $4,983 | $5,083 | $6,348 |
* 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.