The seller is willing to offer a 2-1 buydown rate to lower the buyers interest rate for the first two years of the loan. Heres how it works: Example: Lets say the buyer qualifies for a 30-year fixed mortgage at 6% interest. With a 2-1 buydown: Year 1: Interest rate is reduced by 2% (buyer pays 4%) Year 2: Interest rate is reduced by 1% (buyer pays 5%) Year 330: Full rate kicks in (buyer pays 6%) Fully renovated 4 apartments building in a great location of the University City!!! Zoning- RM1 !!! Fully Sprinkled, Fire Alarm certified! Partial Tax Abatement approved!!! 1FL- 2 Beds/ 1 Bath with his own laundry, water heater and HVAC. Rent- 1,750$ 2FL- 2 Beds/ 1 Bath with his own laundry , water heater and HVAC. Rent- 1,750$ 3FL- 2 Beds/ 1 Bath with his own laundry , water heater and HVAC. Rent - 1,750$ Basement Unit- 1 Bed/ 1 Bath with his own laundry , water heater and HVAC. Rent- 1,500$ Total monthly gross income- 6,750$