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Exceptional opportunity to own a well-maintained 3-unit multifamily property with a unique side-by-side townhouse-style layout. Constructed with durable terracotta block and finished with stucco, this property offers a combination of character, low-maintenance exterior features, and strong income potential.
The property consists of three spacious units. Two units have been fully renovated, including a 2-bedroom, 1. 5-bath unit featuring an additional finished room in the basement ideal for a home office, playroom, gym, guest space, or other flexible uses, and a renovated 2-bedroom, 1-bath unit. The third unit, a 2-bedroom, 1-bath, is currently occupied by a tenant and is in great condition. All units feature separate gas and electric utilities as well as in-unit laundry, making management efficient and appealing to tenants.
Whether you're an investor looking to add a solid income-producing property to your portfolio or an owner-occupant seeking the benefit of rental income, this property offers flexibility and significant upside potential. With two renovated units ready for occupancy and current rents below market, there is an opportunity to increase income and maximize returns.
Conveniently located near shopping, restaurants, schools, and major highways, this property is a rare find that combines strong cash-flow potential with pride of ownership.
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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 |
|
|---|---|---|---|
| Loan Amount | $542,320 | $542,320 | $542,320 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.866% |
| Monthly Tax Payment | $603 | $603 | $603 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,248 | $3,424 | $4,467 |
| Total Monthly Payment | $3,943 | $4,119 | $5,162 |
* 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.