Investment Opportunity or Occupy: Charming 3-Family Home in Middle Village. This LEGAL 3-family home boasts long-standing tenants who consistently pay rent on time. Rarely available, it offers a strong rent roll and future growth potential, making it an enticing prospect for investors. Unique Design: Situated on a corner lot, the property provides private entrances for each unit, including a 2-floor unit with a roof balcony. Unit Configuration: Comprising three distinct units, it caters to versatile living arrangements. Unit 1: 2 bedrooms / 1 bathroom, Unit 2 (Upstairs): 3 bedrooms / 1 bathroom, Separate Duplex: 2 bedrooms / 1 bathroom. Interior Features include wood floors, updated kitchens and baths creating a warm ambiance throughout, offering comfortable living spaces in each unit. Middle Village blends urban and suburban living, with a range of amenities including bars, restaurants, coffee shops, and parks. Its central location ensures convenience for daily needs and leisure activities. With dependable tenants and a robust rent roll, this property delivers immediate rental income and promises future growth potential. Explore this rare Middle Village investment opportunity today. The property is currently tenant-occupied, and detailed rent rolls are available upon request.
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Our Executive Mortgage Banker:
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$1,649,000
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 | $1,319,200 | $1,319,200 | $1,319,200 |
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 | $640 | $640 | $640 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,123 | $8,777 | $11,674 |
Total Monthly Payment | $8,888 | $9,542 | $12,439 |
* 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.