Welcome to Ozone Park, where this inviting detached 2-family residence awaits its new owners. Boasting a total of 4 bedrooms and 3 full bathrooms, this charming home is complemented by an unfinished basement, a shared driveway, and a fenced yard for added privacy. The property is thoughtfully divided into two separate apartments, each with its own entrance. Both apartments feature 2 bedrooms, a spacious living room, an eat-in kitchen adorned with granite countertops, and a full bath. A major renovation in August 2018 introduced new electrical wiring, plumbing, roof, windows, siding, central heating and cooling, and interior enhancements, ensuring modern comfort and functionality throughout. Investors will appreciate the individual gas and electric meters for each apartment, adding a practical element to this property. Currently, the first floor is leased at $2, 400 per month, inclusive of 2 parking spots in the yard. There is potential to add value by finishing the basement and renting it along with the first floor unit. The tenant is open to vacating the premises upon the successful completion of the sale. The second floor, although currently unoccupied, was previously leased for $2, 050 without parking spots/yard access. Conveniently situated within blocks from the A train and various bus routes including Q11, Q21, Q41, Q52, Q53, Q7, Q8, and QM15, this residence offers accessibility to public transportation, further enhancing its desirability. Don't miss the opportunity to own this well-appointed and income-generating property in the heart of Ozone Park.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$899,000
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 | $719,200 | $719,200 | $719,200 |
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 | $629 | $629 | $629 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,428 | $4,785 | $6,364 |
Total Monthly Payment | $5,148 | $5,505 | $7,084 |
* 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.