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Opportunity meets versatility in the rapidly evolving Whipper Barony neighborhood. Situated on a corner lot just minutes from Park Circle and downtown, this spacious property offers exceptional value with a remarkably low price per square foot for the area. Whether you're searching for an investment property or the perfect house hack opportunity, this home delivers. The main residence features 4 bedrooms and 1. 5 bathrooms, highlighted by hardwood floors and an updated kitchen with new cabinetry, countertops, and flooring. The separate 1 bedroom, 1 bathroom unit includes its own private entrance, creating ideal flexibility for rental income, guest quarters, or extended family. With a strong rental history, the front unit has leased for $2, 600/mo and the rear unit for $1, 300/mo. offering immediate income potential. Additional features include a recently encapsulated crawl space, a large laundry room separating the two units for added privacy, and a large, finished storage area. This property presents endless opportunities, schedule your showing soon to see all it has to offer. Home is being sold as-is, seller to make no repairs.
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Our Executive Mortgage Banker:
$395,000
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 | $316,000 | $316,000 | $316,000 |
| 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 | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,819 | $2,023 | $2,624 |
| Total Monthly Payment | $1,894 | $2,098 | $2,699 |
* 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.