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85-87 Nelson Avenue, Ghent, NY, 12075 | $1,200,000
BEST INVESTMENT PRESENTLY LISTED - EXCELLENT NOI - FULLY OCCUPIED
2 buildings, total 8 identical units, on 1. 4 acres. 2 bedrooms each unit and full bath, spacious L shaped LR/ DA and kitchen w/stove/fridge/range hood. Common laundry area in hallway w/washer/dryer. Private, off-street, asphalt parking lot. Total 16 bedrooms, 8 full baths.
MLS format below does not permit entry of more than six apts. In addition to below:
Apt 2C, GH, 1175/mth, mth-to-mth (7th Unit)
Apt 2D, MM, 900/mth, mth-to-mth (8th Unit)
In center of Ghent Hamlet. Walk to Dairy Queen, free tennis courts, sport field w/ swing sets, post office. Horseback riding lessons 5 minutes away. 3 miles to Chatham Village/schools, Taconic State Parkway, and only 10 to Hudson Warren St/Amtrak.
All rents plus utilities. Separate meters. Common laundry area in each building. Owner pays maintenance, lawn/snow service, insurance. Very good condition. Some leases, some month-to-month as specified below, fully occupied.
48hr notice minimum required to show. NO SUNDAY SHOWINGS. Tenants must approve and provide access. ShowingTime preferred.
Not all units were available to be photographed. Pre-occupancy photos used, as labeled.
Features
- Bedrooms: 16
- Units: 8
- Laundry: Common Area, In Hall, Main Level
- Year Built: 1964
- Heating: Electric, Separate Meters
- Acreage: 1.4
- Est. Taxes: $11,665
- Lot Desc: Cleared
- School District: Chatham
- Appliances: Range, Refrigerator, Range Hood
- Owner Pays: All Utilities
- MLS#: 20262359
- Days on Market: 17 days
- Website: https://www.raveis.com
/prop/20262359/8587nelsonavenue_ghent_ny?source=qrflyer
Information is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Source: Hudson Valley Catskills RegionListing courtesy of Preferred Country Properties
William Raveis Family of Services
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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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85-87 Nelson Avenue, Ghent, NY, 12075
$1,200,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $960,000 | $960,000 | $960,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.259% | 6.183% |
| Monthly Tax Payment | $972 | $972 | $972 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,451 | $5,833 | $8,101 |
| Total Monthly Payment | $6,548 | $6,930 | $9,198 |
* 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