Welcome to this wonderful two-family home nestled in the heart of Elmhurst, Queens. This property presents a fantastic opportunity for both investors and families looking for a spacious and flexible living arrangement. Conveniently located near shops, restaurants, public transportation, and houses of worship, this home has a lifestyle that combines comfort and accessibility. The ground floor and first floor of this residence are combined to form a delightful duplex, creating a perfect space for a multi-generational family or an owner-occupant seeking additional rental income. The main duplex features an array of well-appointed rooms, including a modern kitchen equipped with all the essentials for culinary enthusiasts. A spacious bedroom with a terrace has a private retreat where you can enjoy fresh air and relax. The living room and dining room create an inviting area for gatherings and quality family time. A laundry room and pantry add convenience and functionality to this well-thought-out living space. The second floor of this home boasts two comfortable bedrooms, providing ample space for a growing family or accommodating guests. The kitchen on this floor ensures the utmost convenience and complements the overall design of the home. A full bathroom completes the second-floor layout, providing comfort and privacy. You'll appreciate the convenience of private parking and a garage located at the back of the property, ensuring secure and easy parking for residents and visitors alike. This home is ideally situated within close proximity to the vibrant Queens Blvd area, has an array of shops, restaurants, and entertainment options. Commuters will find easy access to the E, M, and R subway lines, as well as the Q47 Bus, providing seamless travel to various destinations. For those seeking spiritual connections, houses of worship are within a short distance, contributing to a sense of community and comfort. This two-family home in Elmhurst, Queens, represents a fantastic investment opportunity or an ideal space to call home. Embrace the versatility of the duplex layout, the convenience of private parking, and the abundance of nearby amenities. Don't miss out on this chance to own a piece of Queens' vibrant community. Schedule a showing today!
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$1,248,000
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 | $998,400 | $998,400 | $998,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 7.000% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.481% | 7.103% | 6.915% |
Monthly Tax Payment | $697 | $697 | $697 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,147 | $6,642 | $8,835 |
Total Monthly Payment | $6,969 | $7,464 | $9,657 |
* 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.