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Welcome to this well-maintained two-family home located just outside of downtown Southington. Offering two individual units, each with two bedrooms and one full bath, this property is a great opportunity for both investors and owner-occupants. One unit is currently rented, while the second unit is available, creating flexibility for a new tenant or for an owner-occupant looking to have rental income help offset the monthly mortgage. Each unit offers comfortable living space, with features including updated kitchen finishes, stainless steel appliances, in-unit washer and dryer, full baths with tub and shower, and built-in shelving that adds character and function. The heating and hot water systems were recently converted to gas on-demand systems, offering improved efficiency and lower-maintenance ownership. Outside, the property features a great backyard, ample off-street parking, and a two-car garage, providing excellent convenience, storage, and outdoor space. With its practical layout, rental income potential, recent mechanical updates, and convenient location near downtown Southington, this home is a strong option for anyone looking to invest or settle into a home with additional income potential.
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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 | $327,200 | $327,200 | $327,200 |
| 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 | $389 | $389 | $389 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,988 | $2,066 | $2,717 |
| Total Monthly Payment | $2,452 | $2,530 | $3,181 |
* 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.