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Experience the Best of Springfield Gardens: A Turnkey Two-Unit Investment This well-maintained two-unit residence in Springfield Gardens offers durability, versatility, and strong rental appeal. Built with classic stucco on a generous 25. 92 ft x 95 ft lot, the property provides over 1, 800 square feet of comfortable living space with privacy for both units. The top floor features a thoughtfully designed three-bedroom unit with its own separate entrance, ideal for owner-occupancy with rental income or as a turnkey investment. The bottom unit is a spacious two-bedroom, one-bath apartment, well-suited for tenants or extended relatives living. A basement adds valuable bonus storage and potential for future finishing. This home is in mint condition and move-in ready, highlighted by parquet wood floors and white cabinetry throughout. With two distinct living spaces and ample storage, this property presents a rare combination of space, practicality, and income-generating potential. Key features: Classic stucco construction on a 25. 92 ft x 95 ft lot Over 1, 800 sq ft of total living area Top floor: 3-bedroom unit with separate entrance Bottom unit: 2-bedroom, 1-bath Basement with bonus storage space Parquet wood floors and white cabinets Move-in ready, mint condition Ideal for investors or owner-occupants seeking private income
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Our Executive Mortgage Banker:
$885,000
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 | $708,000 | $708,000 | $708,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.086% | 6.183% |
| Monthly Tax Payment | $561 | $561 | $561 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,020 | $4,245 | $5,975 |
| Total Monthly Payment | $4,673 | $4,898 | $6,628 |
* 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.