Price Reduced - Welcome to Hudson's prime investment opportunity! This duplex, although awaiting completion, presents an exceptional chance for investors seeking a promising real estate venture. With essential infrastructure already in place, including electric service and driveways, this property offers a solid foundation for further development. Each unit within the duplex has been thoughtfully designed to provide comfortable living spaces. On the first floor, residents will enjoy a spacious living room, complemented by a kitchen/dining room combo. The convenience of a half bath on this level adds to the practicality of the layout. Moving upstairs, each unit boasts two generously sized bedrooms and two well-appointed bathrooms, complete with a primary suite. The inclusion of the primary suite adds a touch of luxury and privacy, making these units highly desirable for potential tenants. In addition to the main living areas, the duplex also offers basements, providing ample storage space for residents and an attached one-car garage. Situated just a stone's throw away from the renowned Empire State Trail, outdoor enthusiasts will relish the proximity to nature and the opportunity for scenic walks or invigorating bike rides. Or they can fish in the Claverack Creek that runs along the East side of the property. For those seeking the amenities of city life, the vibrant city of Hudson and its convenient Amtrak train station and the Rip Van Winkle Bridge are only a short distance away. Moreover, the duplex is in the town of Greenport, known for its excellent shopping options. For investors with an eye for expansion, the vacant parcels on either side the duplex are also available for purchase, allowing for further development opportunities and the potential to maximize your investment. Do not miss this chance to seize an exciting real estate opportunity in Hudson. With its strategic location, desirable unit features, and additional development potential, this duplex promises a lucrative return on investment. Act now and make your mark in Hudson's thriving real estate market!
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William Raveis Mortgage, LLC
Phone: 347.223.0992
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 | $319,200 | $319,200 | $319,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.171% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,178 | $2,122 | $2,737 |
Total Monthly Payment | $2,253 | $2,197 | $2,812 |
* 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.