Briarcliff Manor side by side two-family home offering a great investment opportunity--or live in one and rent the other. Both units currently rented: Unit #71: $1, 800 lease ending 6/30/2024; Unit #75: $1, 400 lease ends 12/31/24 or 30 days notice for new owner. Both tenants would like to stay. Updated windows in both units. Unit #71: New boiler in 2022 & new Hot Water Heater in 2023; Unit #75: New Hot Water Heater in 2023 & fully plumbed for washer and dryer with sink in 2023; #75 also has new refrigerator in 2022; Outdoor portable plastic shed/ includes new lawn mower (2022). Unit #71 has a new kitchen with granite counters & new appliances (2022), a separate Dining area & renovated full bathroom with newly glazed cast-iron tub, newly painted interior in 2022, & new light fixtures. Unit #75 Kitchen has a new stainless steel Refrigerator in 2022 & a separate Dining Room. Both units have a door out from the Kitchen to the backyard, plus access to their individual basements. Both units have two BRs, a full bathroom & a windowed walk-in closet upstairs. Both units have hardwood floors on the main floor. Separate electrical service & plumbing in each unit. Shared private backyard with removable shed--sale includes new lawn mower-2022. Two separate driveways with parking fits up to 2 cars tandem each. Each unit has an enclosed front porch (not included in the SF-great for extra space/storage) with door into the Living Room. New electrical service. Municipal water & sewer. Close to Briarcliff shops, grocery, parks, Village center & local restaurants. Near public transportation. See Special features attached. Need notice to tenants & showings 10-5 weekdays, 11-4 on Sat and 12-4 on Sunday.
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William Raveis Mortgage, LLC
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Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $520,000 | $520,000 | $520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.500% | 7.125% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.051% | 7.295% | 6.623% |
Monthly Tax Payment | $1,090 | $1,090 | $1,090 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,636 | $3,503 | $4,494 |
Total Monthly Payment | $4,818 | $4,685 | $5,676 |
* 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.