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A Smart Investment in Morris Park. Fully detached, all-brick, and delivered vacant. This two-family residence is in one of the Bronx's most consistent rental markets and delivers exactly what buyers are looking for — strong income potential, vacant units, and the kind of location that keeps tenants coming back. A few blocks from the 5 train, on a quiet tree-lined street just off Pelham Parkway, and around the corner from everything Williamsbridge Road has to offer — restaurants, shops, and everyday conveniences. Whether you're an experienced investor or a first-time buyer looking to have the rent cover your costs, both units are free-market ready and the tenants cover their own electricity/cooking gas, while the owner handles heat and hot water. The second floor is a 3-bedroom unit, and first floor is a 2-bedroom unit. The finished basement is the real differentiator. With a private entrance, full bathroom, and separate thermostat it is ideal for extended family, generational living, family room, home office, or an expansion of the first-floor unit into a generous two-bedroom, two-bath duplex with direct garage and laundry access. Outside, a fenced backyard, patio, and porch offer private outdoor space. An oversized garage and private driveway make parking a non-issue. The location is established and the income potential is immediate!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$1,100,000
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 | $880,000 | $880,000 | $880,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.259% | 6.183% |
| Monthly Tax Payment | $731 | $731 | $731 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $4,997 | $5,347 | $7,426 |
| Total Monthly Payment | $5,852 | $6,202 | $8,281 |
* 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.