16 Cedar Lane photo 11 / 27

MLS #1292971

16 Cedar Lane

Springdale

$339,999

4 Beds
2 Baths
1,700 sqft
Two-Apartment Home
Source Listing

Property Details

Presenting a turnkey investment opportunity with this contemporary two-unit apartment building, newly constructed in 2023. Thoughtfully designed for comfort and functionality, each self-contained unit features two bedrooms, a full bathroom, a bright open-concept living area, and in-suite laundry. The building is equipped with electric baseboard heating, an air exchanger, and two 100-amp breaker panels. Each unit has a gravel driveway and separate entrance. This property offers an ideal solution for investors seeking low-maintenance income potential or for buyers looking to reside in one unit while generating rental income from the other. (id:66441)

Cost To Own

Down payment and monthly ownership estimate

Start with the listing price, then adjust the financing and monthly carrying costs for a practical estimate.

Purchase Price$339,999
Down Payment - 5%$17,000
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$2,677

Mortgage Payment
$1,936
Property Tax
$241
Insurance
$150
Utilities
$350
Down Payment
$17,000
Loan Amount
$322,999
Total Interest
$257,670

Estimate only. Final payments depend on lender approval, taxes, insurance, closing costs, and mortgage insurance when applicable.

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