ATTENTION INVESTORS!!!! I am pleased to offer the following opportunity in the Bronx: 1275 Webster Avenue. This 16 unit apartment, 3 commercial space building is located in a strategic corner with a pedestrian way on one side.
Webster Avenue is an upcoming area of the Bronx, currently established as a rental building, owned and operated by the same family for over 30 years. Prewar detailed construction, built in 1928 with eight 2 bedroom units and eight 3 bedroom unit apartments. Additionally it has 3 commercial spaces in the ground floor. The owners invested in a new boiler, made upgrades to the electrical panel, the basement and the roof.
The owners are ready to sell, come by and take a tour. It will not disappoint.
1275 Webster Avenue, Bronx, (Concourse), NY, 10456
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.
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