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417-419 Old Indian Road, Milton, NY, 12547 | $435,000
Investors, an exceptional opportunity awaits in the Town of Marlboro. Located on a level 2-acre corner lot at Old Indian Road and Lattintown Road, two-family home minutes from the Shawangunk Wine Trail, local schools, and shopping in historic Milton. This versatile property is ideal for an owner-occupant seeking rental income to offset a mortgage or for an investor looking for a high-potential return. What may be the best part? The property also includes a 1200 sf detached modified four-car garage, currently a partially finished studio space that can easily be converted back for vehicles, this also is an excellent feature for business owners, artists/artisans, tradesmen, or car enthusiasts. Apartments feature a side-by-side layout with large rooms and ample storage, lefts side renovated in 2019, right side 2025. Current tenants are on a month-to-month basis at under-market rates, they would love to stay! Enjoy all the Hudson Valley has to offer, with close proximity to major commuter routes, and located on a scenic country road surrounded by farms, wineries, and orchards, this property offers a truly desirable location with significant potential for more. Please do not go to the property without an appointment, call your realtor for showing instructions. Fun fact, back in 1959, the film The Fugitive Kind, starring Marlon Brando and Anna Magnani, was filmed in Milton. Appointment only.
Features
- Bedrooms: 4
- Baths: 2 full
- Style: Colonial, Farmhouse
- Year Built: 1830
- Garage: 5-car
- Heating: Heat Pump
- Cooling: Ductwork
- Basement: See Remarks, Unfinished, Walk-Out Access
- Acreage: 2
- Est. Taxes: $8,021
- View: Mountain(s), Trees/Woods
- High School: Marlboro Central High School
- School District: Marlboro
- MLS#: 989003
- Days on Market: 13 days
- Website: https://www.raveis.com
/prop/989003/417419oldindianroad_milton_ny?source=qrflyer
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
417-419 Old Indian Road, Milton, NY, 12547
$435,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $348,000 | $348,000 | $348,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.730% |
| Monthly Tax Payment | $668 | $668 | $668 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,084 | $2,171 | $2,842 |
| Total Monthly Payment | $2,827 | $2,914 | $3,585 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535