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NEWLY RENOVATED – 3 FAMILY – INCOME-GENERATING PROPERTY Whether you’re a first-time buyer looking to offset your mortgage with rental income or an investor, this fully renovated well maintained triplex offers a rare level of flexibility and privacy in a prime location! Exceptional opportunity to own a newly renovated, legal three-family gated property with Certificate of Occupancy, situated on a corner lot in the heart of Hollis. Renovated top-to-bottom within the past two years, this turnkey property is ideal for those seeking both immediate usability and long-term value. The property features a brick facade in the front with a stucco exterior along the remaining elevations, offering durability and a clean, modern appearance. Each unit is thoughtfully designed with an identical layout, featuring three bedrooms, two full bathrooms, and spacious living, dining, and kitchen areas that provide both comfort and functionality. The property also includes a fully finished basement, providing additional usable space and flexibility. Significant capital improvements have been completed, including the installation of new hot water tanks, refurbished roof, and interior work. Positioned in a well-connected and established neighborhood, the property benefits from convenient access to public transportation, local shopping, dining, and recreational amenities. This offering presents a compelling opportunity for both investors seeking a quality income-producing asset with upside potential, and end-users looking to offset ownership costs. Currently partially occupied, with the first floor vacant, offering immediate rental or owner-occupancy flexibility. Property can be delivered vacant. Could this be the opportunity you’ve been waiting for? There’s only one way to find out! Key Points: - Fully Renovated within the last 2 years - Legal 3 Family Home with C of O - 4 car parking space - Full Finished Basement with separate entrance - New Hot Water Tanks (Existing replaced) - Roof Refurbished - 5 min from LIRR, subway lines, and bus stops - Each floor has 3 bedrooms, 2 full baths - 7 Full Baths total Prospective buyers should verify all information. Thank you and enjoy the rest of your scrolling!
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Our Executive Mortgage Banker:
$1,500,000
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 | $1,200,000 | $1,200,000 | $1,200,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $839 | $839 | $839 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,720 | $7,291 | $10,045 |
| Total Monthly Payment | $7,684 | $8,255 | $11,009 |
* 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.