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Listings for Ray Fortier

36 Seymour, Middlebury, VT 05753

Price$259,000The price has recently decreased

Est. Mortgage: $/month

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 R.E. Midd

Coldwell Banker Bill Beck Real Estate
20 Seymour Street
Middlebury VT, 05753
Office: (802) 388-7983

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Price Down Payment Interest Rate Years
%

Est. Mortgage: $/month

Federal 30-year interest rate: 4.65% last updated on 2018-09-20

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