Presented byHelene Palella |
GREAT OPPORTUNITY! This terrific income producing multifamily is located right off of the New Milford Green! Three well maintained, modern & updated apartments are fully rented with excellent tenants in place. Gross rent of $5, 200 monthly total brings significant revenue with low operating expenses of taxes, insurance, water, sewer, lawn, trash & snow removal. All apartments have separate entrances with their own unique features! Unit A upstairs has two bedrooms, one bathroom, living room & kitchen, balcony porch and pull down attic. Unit B with two generous size bedrooms & two full bathrooms has a light and bright kitchen plus mudroom / pantry on the first floor, also fully updated. Unit C features a two story floor plan with "country kitchen" and cozy living room on the main level. . . upstairs, a large bedroom, pretty bathroom & upper storage or loft room. Basement storage rooms & own electric meters dedicated for each unit plus a private fenced in parking lot. NEWER roof, newer electric, flooring, paint, and many other improvements provide you with a solid & beautiful investment property all around. Conveniently situated near the attractive town center showcasing restaurants, coffee spots, Bank Street Theater, shop local boutiques, library & more! Schedule your showing today! Photos presented are prior to tenants' move in.
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$749,000
REALTOR
William Raveis Real Estate
Phone: 860.488.4577
Helene.Palella@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 845.290.3871
Matthew.DeMaria@raveis.com
NMLS Mortgage Loan Originator ID 147983
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $599,200 | $599,200 | $599,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.159% | 6.286% |
Monthly Tax Payment | $553 | $553 | $553 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,088 | $3,982 | $5,056 |
Total Monthly Payment | $4,733 | $4,627 | $5,701 |
* 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.