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Prime investment opportunity in the heart of the Village of Suffern! This spacious and well-laid-out colonial offers 5 bedrooms, 2 full bathrooms, and two kitchens, providing excellent flexibility for extended family living or income-producing potential (buyer to verify all permitted uses). Situated on a 7, 405 sq ft lot with driveway parking, this property features public water and sewer, natural gas heat, and a spacious backyard ideal for outdoor enjoyment, entertaining, or future enhancements. Upon entry, you are welcomed by a spacious entrance foyer that creates a warm and inviting first impression and leads to a nice patio, perfect for relaxing or hosting guests. The first floor offers a functional layout with a kitchen, full bathroom, and three generously sized bedrooms, providing comfortable living space with excellent flow. The second floor features a separate living area with its own kitchen, full bathroom, and two additional bedrooms, allowing for flexible occupancy arrangements. A full unfinished basement provides ample storage and future potential, subject to approvals. Conveniently located near downtown Suffern, shopping, restaurants, schools, and public transportation, including train and bus service, and located within the desirable Suffern School District. With strong rental demand and a versatile layout, this property is well-suited for investors seeking income potential, value-add opportunities, or owner-occupants looking for space and flexibility.
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Our Executive Mortgage Banker:
Our Insurance Division:
$649,000
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 | $519,200 | $519,200 | $519,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.149% | 6.144% | 5.522% |
| Monthly Tax Payment | $1,166 | $1,166 | $1,166 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,907 | $3,110 | $4,174 |
| Total Monthly Payment | $4,165 | $4,368 | $5,432 |
* 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.