Are you ready to dive into a renovation project with incredible potential? Look no further! This duplex, awaiting a full makeover, is your golden opportunity. Tucked away on 0. 349 acres in a great residential neighborhood, this property is primed for a transformation that promises returns. With your expertise and a well-planned renovation, this 2306 sq ft home can become a highly desirable property in the market. Features include a 4-bedroom main home with two baths and a 1-bedroom apartment with a separate entrance. a 1-car garage, lots of storage or flex space, and a level yard. So much potential. Great commuter location as it is close to shopping, dining, schools, local parks, and major commuter routes, including Route 9W, I-84, and the Newburgh-Beacon Bridge. Stewart International Airport is also not far away. Being sold "as is" condition with no warranties or representations, no contingencies, and no requirements for municipal approval. Will not qualify for a traditional mortgage; the seller prefers a cash buyer. All offers must be in writing and accompanied by proof of funds.
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$349,000
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
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $279,200 | $279,200 | $279,200 |
| 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 | 6.161% | 6.120% | 5.541% |
| Monthly Tax Payment | $600 | $600 | $600 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,563 | $1,672 | $2,244 |
| Total Monthly Payment | $2,238 | $2,347 | $2,919 |
* 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.