MLS Number 4715584
- Multifamily Multi-Family
- Units 2
- Bathroom 2
- Acreage 0.34
- Square Feet 2048
It's all about the location---walking distance to all the amenities downtown Middlebury has to offer. Excellent Investor returns----- Live in one unit and collect rent on the other to help pay your mortgage --this property qualifies for FHA financing with 3 1/2 % down payment--and 75% of the other units rent will be added to your income to help qualify-- Or collect both rents totaling $27,600 plus per year. Conventional investor financing is available with a 15% down payment. Check out the ROI Worksheet-- The current operating expenses are $9000 which includes property taxes, water, sewage, lawn care, snow removal and trash pickup. Tenants pay for all other utilities and services. Owner currently does a lot of the small maintenance items. Each unit has three bedrooms and a full bath with approximately 950 square feet --upstairs unit recently renovated. Downstairs unit has large covered porch. Large lot with plenty of room for a garden.
Listed by Ray Fortier of Coldwell Banker Bill Beck Real Estate
|Price||Down Payment||Interest Rate||Years|
Est. Mortgage: $/month
Federal 30-year interest rate: 4.45% last updated on 2019-01-17
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.