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Exceptional corner lot offering 0. 28 acres, one of the rare opportunities in the area zoned for duplex construction.
This property is surrounded by existing homes, with several new constructions recently completed nearby, making it a strong and growing residential pocket.
Ideal for investors or builders looking to maximize returns — a duplex allows you to generate two rental incomes on a single property, creating strong cash flow and long-term appreciation potential.
The lot is located on a paved road with utilities nearby (buyer to verify), and benefits from its corner position, allowing for flexible design and easier access for construction.
Prime Location:
Conveniently located near shopping, restaurants, and daily amenities.
Close to major roads with easy access to surrounding cities and employment areas.
Nearby schools include elementary, middle, and high schools within a short driving distance.
Investment Advantages
Duplex zoning (rare in the area)
Corner lot – better layout flexibility
0. 28 acres – larger than standard lots
Strong rental potential (2 units)
Area with new construction growth
Surrounded by established homes
Financing & Strategy
One of the biggest advantages of a duplex is financing flexibility:
Possibility to finance as a primary residence (if you live in one unit)
Lower down payment options compared to investment-only properties
Rental income from the second unit may help offset mortgage costs
Strong strategy for house hacking / passive income
Build Opportunity
We can also assist with the construction process, offering solutions tailored for investors or end-users looking to build a duplex on this lot.
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Our Executive Mortgage Banker:
Our Insurance Division:
$49,800
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $39,840 | $39,840 | $39,840 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.652% | 5.952% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $245 | $252 | $331 |
| Total Monthly Payment | $320 | $327 | $406 |
* 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.