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Have an apartment in the Catskills in a fully leased property in Roscoe! This is a different opportunity for someone who wants the convenience of apartment living as a primary residence or a second home that pays for itself. The property is a fully leased (except the apartment which is occupied by the owner), has excellent cash flow, its in great condition, and requires little maintenance. Walk to all amenities in town and a short stroll to the Willowemoc & Beaverkill Rivers. Enjoy the region on your own time without having to maintain a house. The 880 square foot apartment has a private entrance with a roof deck. It is above the Beaverkill Angler (a fly fishing retail store) so there is no noise in the evening and it is a seasonal business. The other tenants are Jim Serio Real Estate and The Junction, a great bar and restaurant (no noise penetration from that business to the apartment). Renovated in 2018 its in move in condition and could also be rented on an short or long term basis. The owner is the listing agent and a licensed New York State Real Estate Salesperson with Keller Williams Up State New York Properties.
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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$995,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $796,000 | $796,000 | $796,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.000% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.048% | 5.858% | 5.681% |
| Monthly Tax Payment | $819 | $819 | $819 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,273 | $4,645 | $6,504 |
| Total Monthly Payment | $5,184 | $5,556 | $7,415 |
* 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.