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**FLIP IT, LIVE IT, OR INVEST IT!** Built in 2009, this home primarily needs cosmetic updates. What makes this a **CASH PRICE** opportunity is that the property requires a clean-out and will be delivered with a non-paying tenant on the 1st floor (the smaller apartment). This is a LEGAL Three Story Two-Family home with **PRIVATE PARKING** for up to 2 cars. The **2ND FL IS VACANT!** and the property is EASY TO SHOW, making access simple for buyers and contractors alike. The property also features desirable R6 ZONING, offering added long-term value. This home measures 20 ft by 41. 65 ft and sits on an **OVERSIZED** lot measuring 32. 47 ft by 105. 60 ft. The property is currently configured as a two-family with 2 kitchens, 5 bedrooms, and 3 full bathrooms. Apartment Layout: • 2nd & 3rd Floor Duplex: ** Living room, dining room, eat-in kitchen, and full bathroom on the 2nd floor; 3 king-sized bedrooms and a full bathroom on the 3rd floor • 1st Floor Apartment: ** Living room, dining room, eat-in kitchen, 1 full bathroom, and 2 king-sized bedrooms Whether you are an investor, a first-time buyer with cash, or a buyer looking for your next project, the numbers and location work for this home.
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Our Executive Mortgage Banker:
$750,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $600,000 | $600,000 | $600,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.933% |
| Monthly Tax Payment | $400 | $400 | $400 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,597 | $3,743 | $4,982 |
| Total Monthly Payment | $4,089 | $4,235 | $5,474 |
* 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.