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32 Genung Street, Middletown, NY, 10940 | $359,999
Calling all investors. Opportunity to own a two-unit income property in a great location. The 1-bedroom unit is rented **currently rented below market** It has an updated kitchen. I will have some pictures of that unit shortly. The 2-bedroom unit is vacant but currently also listed for rent. It does need some updating but has great potential. The primary bedroom on the first floor is very large and has direct access to the backyard and the half bath on the first floor has hook up for a washer/ dryer. Both units have cathedral ceilings and lots of natural light. With some TLC this is a great investment. The property behind 32 Genung St is 28 Genung St. This is a vacant, buildable lot, also listed for sale MLS #923156. 28 Genung is zoned C2 (Multiple dwelling but street level has to be commercial use) given the narrow driveway back to #28, only a package deal for both properties will be considered!
Features
- Bedrooms: 3
- Baths: 3 full
- Style: Contemporary
- Year Built: 1985
- Heating: Natural Gas
- Cooling: Central Air
- Acreage: 0.17
- Est. Taxes: $11,085
- Elem. School: Presidential Park Elementary
- Middle School: Monhagen Middle School
- High School: Middletown High School
- School District: Middletown
- MLS#: 992207
- Days on Market: 4 days
- Website: https://www.raveis.com
/prop/992207/32genungstreet_middletown_ny?source=qrflyer
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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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
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32 Genung Street, Middletown, NY, 10940
$359,999
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 | $287,999 | $287,999 | $287,999 |
| 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 | $924 | $924 | $924 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,725 | $1,797 | $2,352 |
| Total Monthly Payment | $2,724 | $2,796 | $3,351 |
* 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