Under contract-accepting backup offers. Well Maintained Duplex. Back on Market due to buyer financing issue.
Each side is a 2 bed/1 bath. Floors are mostly tile with some vinyl. Tenants pay all utilities. (Separate Electric and Water meters. )
Unit A is vacant to show. Unit has been remodeled: New paint, New floor in bedroom, New vanity and toilet, bath/shower tiles re-grouted Market rents are aprox $1, 450 per month.
Unit B: Long term tenant since June of 2019. They are currently paying $1, 200 until lease expires Oct 1. They received below market rent because they paid on time since they moved-in in 2019 and have taken good care of the property.
All building and site information was taken from Public Records and is assumed to be correct. Seller has never lived in the property. Buyer should verify all information during inspection period.
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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 | $312,000 | $312,000 | $312,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.011% | 7.171% | 6.538% |
Monthly Tax Payment | $349 | $349 | $349 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,155 | $2,074 | $2,675 |
Total Monthly Payment | $2,579 | $2,498 | $3,099 |
* 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.