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Exceptional opportunity to own an income-producing two-family property in the heart of Bristol, offered at an attractive price of just $309, 900! Whether you're an investor looking to expand your portfolio or an owner-occupant seeking rental income to offset your mortgage, this property delivers outstanding value. Unit 1 has been freshly renovated and is move-in ready, featuring a full interior repaint, beautifully refinished hardwood floors, and numerous cosmetic updates throughout. The vacant unit provides the perfect opportunity for an owner-occupant or allows investors to secure market rent immediately. Unit 2 is currently occupied and generating $1, 430 per month in rental income, providing instant cash flow from day one. Located in one of Central Connecticut's most convenient rental markets, Bristol continues to attract residents with its strong employment base, proximity to Hartford, and ongoing economic development initiatives. The city's housing market remains competitive, with median home values and sale prices continuing to trend upward in recent years. Bristol's strategic location between Boston and New York, combined with its affordability relative to surrounding communities, has made it an increasingly desirable place to live and invest. Don't miss this chance to acquire a turnkey investment property with immediate income, upside potential, and long-term appreciation prospects at an exceptional price point.
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$309,900
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 | $247,920 | $247,920 | $247,920 |
| 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 | $471 | $471 | $471 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,506 | $1,565 | $2,059 |
| Total Monthly Payment | $2,052 | $2,111 | $2,605 |
* 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.