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Investor Special – Rental, Business, or Live/Work Opportunity! Unlock the potential with this versatile property offering endless possibilities for investors, business owners, or buyers looking for a live/work setup. The property includes a separate workshop with electricity on its own meter and bill, making it ideal for a small business, hobby space, or additional rental income opportunity. There is ample parking thanks to the small parking lot, plus a boat shed and carport for extra storage and covered parking. The partially fenced yard adds functionality for pets, equipment, or storage. The home features 3 bedrooms, 2 bathrooms, a living room, kitchen, dining room, and a laundry room conveniently located off the kitchen. A back sunroom provides additional flexible space that could be used as an office, sitting area, or mudroom. The house is currently in need of some work, making this a great opportunity for investors or buyers looking to add value and build equity. With the separate workshop, extra parking, and flexible layout, this property has strong potential as a rental, business location, or renovation project. Being sold as-is. Great opportunity to build equity and maximize income potential!
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Our Executive Mortgage Banker:
$110,000
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 |
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|---|---|---|---|
| Loan Amount | $88,000 | $88,000 | $88,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.133% | 6.739% | 5.952% |
| Monthly Tax Payment | $31 | $31 | $31 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $507 | $563 | $731 |
| Total Monthly Payment | $613 | $669 | $837 |
* 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.