Presented bySheri Lasley Ruiz |
This is a great building in a great location! 5 to 20 minutes to most parts of the City. This 6 Unit brick, flat roof (15 years old), corner lot residential building in the heart of Roxbury is a solid investment. Across from newly renovated Malcolm X Park. 5 to 8 minutes to Boston Medical Center and 15 to 20 minutes to the Airport. Most major Colleges and Universities are very close and Cambridge is 20 to 30 minutes all depending on traffic. This is a great building in a great location! Each unit has 3 nicely sized bedrooms and 1 bathroom. Current rents are below market (1R $1950, 1L $3200, 2R $1600, 2L $2000, 3R $2100, 3L $2250). Can be delivered with 2 vacancies. Property does need some upgrades. Has newly installed heating/hot water systems (2-3 yrs. old) and the roof is 15 years old. This could be a great condo conversion the potential is incredible. Property is being sold "As Is".
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Our Executive Mortgage Banker:
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$1,950,000
Sales Associate
William Raveis Real Estate
Phone: 941.400.4186
Sheri.LasleyRuiz@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,560,000 | $1,560,000 | $1,560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.229% | 6.486% | 6.307% |
Monthly Tax Payment | $874 | $874 | $874 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,980 | $9,732 | $13,270 |
Total Monthly Payment | $9,979 | $10,731 | $14,269 |
* 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.