Set on one of the larger residential lots in Mount Vernon with the potential to subdivide, this expansive 5-bedroom, 4 full bathroom two-family property offers scale, flexibility and strong income potential on a 9, 148 sq. ft. (0. 21-acre) lot. With 2, 257 sq. ft. of interior living space, this home presents a compelling opportunity for investors, owner-occupants or buyers seeking a versatile asset with long-term upside. The first-floor unit offers one bedroom and one full bathroom, while the two-level second-floor unit features four bedrooms and one full bathroom. Hardwood floors run throughout the home, enhancing durability and appeal. The basement level includes two full bathrooms, three bonus rooms, a kitchenette and benefits from two separate exterior entrances. Major mechanicals include a boiler approximately 10 years old and a hot water tank replaced within the last four years. The two-car driveway provides convenient off-street parking. Conveniently located near Metro-North (Mount Vernon East Station), local Bee-Line bus routes, major parkways, shopping, dining and everyday amenities, this property is well-positioned for commuters and long-term tenants alike. Whether you’re looking to maximize cash flow, house-hack or secure a solid two-family investment on a rare oversized lot, 133 Franklin Avenue offers space, flexibility, and opportunity. This is a well-positioned asset that delivers value today and appreciates into the future. The property can be delivered vacant.
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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 | $541,600 | $541,600 | $541,600 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.431% | 5.648% |
| Monthly Tax Payment | $1,568 | $1,568 | $1,568 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,204 | $3,335 | $4,389 |
| Total Monthly Payment | $4,864 | $4,995 | $6,049 |
* 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.