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Detached Two-Family Home with Yard and Garage in Sought-After Allerton Located on a quiet residential side street just off Allerton Avenue, 2729 Paulding Avenue is a fully detached two-family home offering a value-add opportunity and “fixer-upper potential” in a highly convenient Bronx location. The property is being sold strictly “as-is and as-seen. ” The home features a front yard, fenced backyard, and garage. The existing layout includes two residential floors, each with its own kitchen and bathroom. The first floor is configured with two bedrooms and one bathroom, and the second floor includes one bedroom and one bathroom. A full basement provides additional space. The residence is not currently habitable and will require a complete gut renovation, with significant work anticipated throughout the property. Conveniently located near Allerton Avenue’s commercial corridor, the property offers close proximity to shopping, dining, and everyday services, while remaining set back on a quieter street. The 2 and 5 subway lines are approximately 0. 5 miles away, providing convenient access to public transportation. An excellent opportunity for buyers, including investors, looking to reimagine and customize a fully detached two-family property in a well-established Bronx neighborhood.
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$585,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $468,000 | $468,000 | $468,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.360% | 6.304% | 5.648% |
| Monthly Tax Payment | $504 | $504 | $504 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,657 | $2,844 | $3,793 |
| Total Monthly Payment | $3,253 | $3,440 | $4,389 |
* 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.