Presented byMark Markelz |
Why rent when you can own, while your tenant helps pay part of the mortgage! This newly renovated two-family home is set back from road giving a great buffer between the two. Featuring a total of 7 bedrooms, two-full baths and two half baths on each level. 102 Congress Avenue is a low-maintenance home and features NEW plumbing and electrical optimizing efficiency for you and your tenants. The first level unit features three freshly painted neutral-toned bedrooms, the second level/unit features four freshly painted bedrooms with both units showcasing a fully renovated powder room. The spacious unfinished basement is large and can be easily finished allowing for extra living space or can be used for storage. For those looking to maximize income potential, the space can be transformed into a rentable apartment, providing an additional source of revenue for the property owner. With proper permits and thoughtful design, the basement could feature a comfortable living area, a modern kitchenette, and a private entrance, ensuring both privacy for tenants and an additional income stream for the homeowner. With a cozy front yard and a nicely-sized deck that overlooks the yard, this home makes the most of its urban location. Whether you are looking for a new home or an investor seeking a property in a prime location, this residence stands as a testament. Schedule your showing today!
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Luxury Properties Specialist
William Raveis Real Estate
Phone: 203.668.3838
800askmark@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.913.1633
Jorge.Rivera@Raveis.com
NMLS Mortgage Loan Originator ID 12303
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $200,000 | $200,000 | $200,000 |
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 | $619 | $619 | $619 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,364 | $1,329 | $1,688 |
Total Monthly Payment | $2,058 | $2,023 | $2,382 |
* 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.