Step into a charming duplex two minutes to shops and restaurants on Canal Street and less than 10 minutes to the beach. This historic home has been well maintained and boasts many structural upgrades. Each unit is equipped with its own inside laundry room, an exterior porch, three bedrooms and one bathroom, and a spacious living room. The roof was replaced in 2017, new AC in 2nd floor unit 2020, much of the vinyl siding replaced in 2023. The upper unit has been very well cared for and was updated in 2019 with new carpet/vinyl, paint throughout, new vanity, toilet, tub and doors, plus a new stove and refrigerator. This unit has a lease in place. The lower floor is freshly painted and ready for a little TLC in preparation for owner use or a 2nd tenant. Each floor is on a separate utility meter and gas meter, both floors are on one water meter. Crawl space has been extensively inspected and reinforced/repaired as recommended. No water intrusion inside home in past storms and seller carries a transferrable flood policy. 1st floor heat is natural gas, 2nd floor heat is electric. Both first and second floor has gas range and gas water heater. Annual gross income is based on previous year with both units occupied. Seller rented 1st floor under market value for a relative. Measurements are approximate.
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$379,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $303,200 | $303,200 | $303,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.282% | 6.538% |
Monthly Tax Payment | $173 | $173 | $173 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,068 | $2,043 | $2,600 |
Total Monthly Payment | $2,316 | $2,291 | $2,848 |
* 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.