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Nestled in the heart of Woodhaven, this semi-detached, two-family residence stands as one of the few newer buildings in the neighborhood, constructed in 2005. Situated on a corner lot of 3, 897 square feet, the building measures 20 by 52 feet, with approximately 2, 080 square feet of interior living space. A full and finished walk-out basement adds another 1, 000 square feet, bringing the total to over 3, 000 livable square feet. Both apartments feature modern, open-concept living and dining spaces, with kitchens that seamlessly blend into the layout. The first-floor apartment is a spacious 2-bedroom, 2-bath unit, currently rented at $2, 700 per month. The second-floor apartment, with its own private entrance, offers a bright, open living and dining area, along with three spacious bedrooms and two full bathrooms, renting at $3, 000 per month plus $50 for a parking pass. Each tenant pays for their own heat, hot water, cooking gas, and electricity, making this a truly efficient investment, with the landlord only responsible for taxes and water. The basement is a standout feature, boasting high ceilings and incredible potential for added living space—perfect for a home office, gym, or recreational area. Sold with both tenants in place on 12-month leases, this turnkey investment is a prime opportunity for any investor seeking immediate returns and future income growth. Woodhaven Park Manor has an annual association fee of $900.
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Our Executive Mortgage Banker:
$1,199,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $959,200 | $959,200 | $959,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | $926 | $926 | $926 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,297 | $5,751 | $7,965 |
| Total Monthly Payment | $6,348 | $6,802 | $9,016 |
* 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.