Charming Multifamily House with Endless Potential! Nestled in a well-established neighborhood, this multifamily home, lovingly owned by one family for decades, is waiting for its next chapter to unfold. Offering a fantastic investment opportunity or a chance to create a dream residence, this property is a diamond in the rough, ready for some TLC. With a classic exterior and a story to tell, this home exudes character and promises a warm welcome. The spacious layout encompasses 2 separate units, providing flexibility for various living arrangements, rental income, or a combination of both. The possibilities are endless! This home features two units and 1, 650 sq. ft. of living space each. The first-floor unit has 3 bedrooms and 1 bathroom. The second-floor unit has 3 bedrooms, and 1 bathroom, and access to the attic has an additional bathroom and living space. Though in need of some renovation, the solid bones and original details serve as a reminder of its timeless appeal. The property sits on a generous 5, 650 sq. ft. lot, offering ample outdoor space for relaxation, gardening, or entertaining guests. There is also a one-car garage in the rear and a driveway offering ample parking. Located in a desirable neighborhood, this home provides easy access to amenities such as schools, parks, shopping centers, public transportation, and minutes to Northern Blvd. Don't miss out on this rare opportunity to restore and customize this charming multifamily house to its former glory. Whether you're an investor looking to add value to your portfolio or an ambitious homeowner seeking a project, this property offers immense potential and rewards for those willing to put in the effort. With vision and TLC, this could become the crown jewel of the neighborhood! Act quickly, as opportunities like this don't come around often. Seize the chance to create a truly special property that will be treasured for generations to come.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,400,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,120,000 | $1,120,000 | $1,120,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.875% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.481% | 7.014% | 6.915% |
Monthly Tax Payment | $748 | $748 | $748 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,896 | $7,358 | $9,911 |
Total Monthly Payment | $7,769 | $8,231 | $10,784 |
* 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.