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35 Brookdale Street, Cumberland, RI, 02864 | $979,900
Looking for an investment that will give you monthly income? This well maintained property is it. Nothing to do but to collect rent and manage the property. ***Included in the sale of to property is another lot, which gives potential to building another 4 unit, potential town houses or a single family. The main property- 35 Brookdale would need to deed driveway agree to access the lot. ** Septic updated in 2018. Roof is 15 years old; Furnace and Hot water heater is 6 years old. Property comes with deeded 8 parking spots, 2 for each tenant. Very hard to find. Each unit features a spacious living room, dining area, and large kitchen. Each unit has been updated as tenants move out. 2 tenants have been long term tenants. Located on quiet deadend neighborhood street, with easy access to major highways, convenience is built right in. This building has been a great source of income fore the current owner. The rent includes heat/hot water, making the building very attractive to potential tenants and very easy to maintain for investors. There is a full coin operated laundry locate on the first level. This is a wonderful opportunity to break into the investment market or add to your portfolio.
Features
- Rooms: 20
- Bedrooms: 8
- Baths: 4 full
- Units: 4
- Laundry: Common Area
- Style: Stacked,Side By Side
- Year Built: 1970
- Garage: No Garage
- Heating: Baseboard,Gas
- Cooling: Window Unit(s)
- Basement: None
- Est. Taxes: $7,815
- Appliances: Dryer,Dishwasher,Gas Water Heater,Oven,Range,Refrigerator
- MLS#: 1414636
- Website: https://www.raveis.com
/prop/1414636/35brookdalestreet_cumberland_ri?source=qrflyer
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William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Allen GellermanInsurance Sales Director, William Raveis Insurance
617.686.2668
Allen.Gellerman@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
35 Brookdale Street, Cumberland, RI, 02864
$979,900
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $783,920 | $783,920 | $783,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.121% | 6.183% |
| Monthly Tax Payment | $651 | $651 | $651 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,451 | $4,700 | $6,615 |
| Total Monthly Payment | $5,194 | $5,443 | $7,358 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB