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Welcome to 2355 Tiebout Avenue, a well-maintained legal two-family duplex located in the heart of the Fordham Heights section of the Bronx. This move-in ready property offers the perfect opportunity for both homeowners and investors alike. Priced at $825, 000, this spacious home features two separate units with 2 bedrooms 1 bath on the second floor and 3 bedrooms 1. 5 baths (duplex) on the main level, a versatile layout ideal for extended family living or generating rental income. Will be delivered VACANT! Built in 1992, the property offers approximately 2, 280 square feet of living space on a 20x125 lot and includes the convenience of two private parking spaces — a rare find in the Bronx. The home has been kept in great condition and provides comfortable living with generous room sizes, excellent natural light, and strong income-producing potential. Situated on a residential block near Fordham Road, the Grand Concourse, public transportation, shopping, schools, parks, and major highways, this property offers accessibility and convenience for commuters and families alike. The neighborhood continues to see strong demand due to its central Bronx location and proximity to Manhattan. Whether you're looking to live in one unit while collecting rental income from the other, or seeking a solid investment opportunity, 2355 Tiebout Ave checks all the boxes. Don’t miss your chance to own a versatile multi-family property with parking in one of the Bronx’s most convenient locations. Nearby businesses and neighborhood conveniences include Fuentes Realty Group, PROPERTY NETWORK SALES & RENTAL, and local dining favorites such as Best Italian Pizza and Los Balbuena.
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Our Executive Mortgage Banker:
$825,000
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 | $660,000 | $660,000 | $660,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | $459 | $459 | $459 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,747 | $4,064 | $5,569 |
| Total Monthly Payment | $4,298 | $4,615 | $6,120 |
* 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.