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Discover the potential of this expansive multi-family Colonial located in one of Mount Vernon’s most convenient and sought-after neighborhoods near the Fleetwood section. Offering a rare combination of size, character, and flexibility, 240 N Fulton Avenue is ideals, owner-occupants seeking supplemental income, or investors looking for a strong rental opportunity in an area where multi-family properties continue to see consistent demand and value growth. This generously sized home features 7+ bedrooms and 5 bathrooms with oversized living spaces throughout. Each level offers spacious eat-in kitchens, formal dining rooms, bright living rooms, abundant closet space, and beautiful hardwood floors. The second floor showcases a unique raised dining area with a wet bar, along with a sun-filled solarium perfect for that morning cup of coffee or potential conversion to a deck. Original stained-glass windows throughout the home add warmth, charm, and timeless architectural character. Additional highlights include a finished walk-out basement providing even more usable space, individual thermostats on each floor, washer/dryer convenience, and a slate roof that has been maintained within the last two years. Located just moments from Metro-North, major highways, buses, shopping, restaurants, and schools, this property offers the accessibility today’s buyers and tenants are searching for. With recent multi-family sales in the immediate area continuing to support strong market activity, 240 N Fulton Avenue presents an excellent opportunity to own a substantial property with both immediate functionality and long-term income-producing potential.
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Our Executive Mortgage Banker:
$1,150,000
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 | $920,000 | $920,000 | $920,000 |
| 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 | $1,574 | $1,574 | $1,574 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,224 | $5,590 | $7,763 |
| Total Monthly Payment | $6,923 | $7,289 | $9,462 |
* 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.