7.31% CAP RATE !! **5 family alert** Rare opportunity to
own a 5 unit building. All units are free market.
Each apartment has two bedrooms, a living room, a dining
area, kitchen and a bright bathroom. Gas and electric are
separately metered. First floor apartment is the biggest, with 4
bedrooms and access to the backyard and garden. The Entire
property has been well maintained through the years. This
property has extremely low taxes of a less than $7,000 a year!
Located just Two blocks from B25 and B7 buses and the A,C train
at Ralph Ave station. J,Z trains available at the Chauncey Station.
Two of the apartments are occupied and Three will be delivered
vacant. This property has huge potential with a gross of $197,760
and an NOI of $170,354.68 Annually. It is also possible
to put laundry in the building basement for extra income.
Cooling:
Wall/Window Unit(s)
Construction
Block, Frame
Utilities
Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected
180 Sumpter Street, Brooklyn, NY, 11233
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
