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Attention investors seeking immediate cash flow in a high-demand rental market! This income-producing 3-family property is currently generating $5, 525 per month in gross rental income and offers a strong opportunity to add a performing asset to your portfolio. Each unit features 4 bedrooms, a spacious kitchen, living room, and full bathroom, providing a desirable layout that appeals to a broad tenant base and supports long-term rental demand. The property offers several features investors appreciate, including vinyl siding for lower exterior maintenance, laundry hookups in the basement, natural gas heating, and valuable off-street parking located behind the building. A shared driveway provides access to the rear parking area, an added convenience for tenants in an urban setting. Strategically located near Yale University, Downtown New Haven, Wooster Square, Union Station, and Long Wharf's popular Food Truck Paradise, this property benefits from proximity to major employment centers, transportation hubs, restaurants, and entertainment. Easy access to I-91, I-95, and Route 34 further enhances tenant appeal and supports strong occupancy potential. Whether you're expanding an existing portfolio or acquiring your first investment property, this well-maintained multi-family offers current income, low-maintenance ownership, and future upside in one of Connecticut's strongest rental markets!
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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 | $479,920 | $479,920 | $479,920 |
| 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 | $802 | $802 | $802 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,916 | $3,030 | $3,985 |
| Total Monthly Payment | $3,810 | $3,924 | $4,879 |
* 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.