|
|
5 unit mixed-use investment opportunity featuring two separate buildings with strong income potential and excellent long-term upside. The residential building consists of four rental units with a variety of floor plans, appealing to a broad tenant base. The property has been well maintained and offers a fully fenced yard, ample paved off-street parking, and an unfinished basement that provides valuable storage. Unit mix includes two 2-bedroom units, one spacious 3-bedroom unit, and one 1-bedroom unit, creating a desirable blend of apartment options with plenty of upside for obtaining market rents. Each unit offers its own unique layout and character. The second building is a standalone commercial storefront positioned along South Street and currently occupied as a dog grooming business over 25 years. With approximately 1, 040 square feet, the commercial space adds an additional income stream and enhances the property's overall investment appeal. Conveniently located near major highways, shopping, restaurants, entertainment, and everyday amenities, the location makes attracting and retaining tenants easy. This is a versatile mixed-use property with multiple income sources in a growing and desirable Bristol location. Properties will convey "as is".
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
For homebuyers and sellers, our Attorney Network:
$525,000
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
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $420,000 | $420,000 | $420,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.512% | 5.866% |
| Monthly Tax Payment | $954 | $954 | $954 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,515 | $2,620 | $3,460 |
| Total Monthly Payment | $3,561 | $3,666 | $4,506 |
* 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.