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Incredible Investment opportunity to purchase a single family in need of rehab and a 2000 SQ FT single story commercial building in Hamden with excellent long-term tenant. The single-family home features 4 bedrooms, 1. 5 baths and 1680 SQ FT of living space. The main level of the home features a formal living room with hardwood floors & fireplace, large eat in kitchen and two spacious bedrooms with full bath. The second level of the home features two additional bedrooms and a half bath. The home has a large basement with finishing potential. The rear building features a 2000 SQ FT one story commercial space rented to a long term and well-established tenant. The space is in good condition with hardwood floors, waiting room, office space and half bath. The building has off street parking for 4 cars and is centrally located in Hamden with easy high way access and a short drive to Downtown New Haven. This property is truly the perfect value add investment opportunity!!!
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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 | $239,920 | $239,920 | $239,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.640% | 5.972% |
| Monthly Tax Payment | $901 | $901 | $901 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,458 | $1,515 | $1,992 |
| Total Monthly Payment | $2,433 | $2,490 | $2,967 |
* 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.