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CALLING ALL INVESTORS! Location, Location, Location!! Zoned Commercial-Residential. Must see this four-family investment property in a very desirable area. The first floor of this 2-story colonial/farmhouse style home offers two apartments. Both have 2 bedrooms, 1 bath. Apt#1 is located just inside the main entry on the left. It has a stainless-steel dishwasher and microwave, a private washer & dryer, and Granite Countertops in the unit. Apt#2 has its own private entrance around the corner of the wrap around deck. It opens to both the front porch and the backyard. Kitchen has Formica countertops. white appliances: oven/range, microwave and refrigerator. The second floor offers two apartments, each is a 1 bedroom, 1 bath unit. Apt#3 has white refrigerator, stainless steel: oven/range, microwave dishwasher, and Granite counterTops. Apt#4 has an oven/range, dishwasher, microwave and refrigerator, and Formica counterTops. The attic offers two storage spaces to rent out as additional storage space. The property offers ample private parking. The home is just a short walk to the NYC commuter Bus. Residents can enjoy restaurants, shops, and community amenities including a public pool, ball fields, and parks. Woodbury Common Premium Outlets is only 3 minutes away by car or approximately a 10-minute walk! This property's location is desirable to renters for access to Monroe/Woodbury Schools, recreation and is a commuters dream due to being located minutes from NYC buses (Co Rte. 32 & Smith Clove Rd), major highways and Metro North transportation (3. 4 miles away south on Rte. 32). Residents will have access to the sought after Monroe/Woodbury school District.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
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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 |
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|---|---|---|---|
| Loan Amount | $680,000 | $680,000 | $680,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 5.984% | 5.689% |
| Monthly Tax Payment | $1,327 | $1,327 | $1,327 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,755 | $4,022 | $5,601 |
| Total Monthly Payment | $5,174 | $5,441 | $7,020 |
* 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.