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Opportunity meets flexibility in the heart of Livingston Manor. Just a short two-minute walk to Main Street shops, dining, breweries, and everything this sought-after Catskills destination has to offer, this multifamily property presents an increasingly rare chance to secure long-term rental income in an area where quality housing remains in limited supply. Currently configured as a two-unit multifamily, the property offers flexibility for investors seeking rental income, owner-occupants looking to offset expenses, or buyers envisioning a conversion back into one larger single-family home. The units are in need of renovation and updates, making this an ideal opportunity for investors, contractors, or buyers looking to build equity and add value in a high-demand market with limited long-term rental inventory. Public water and sewer add convenience, while the Little Beaverkill in the rear offers a peaceful natural setting that’s hard to find this close to town. Positioned near Route 17 for accessibility, this property places you within walking distance to Livingston Manor’s growing restaurant scene, fly fishing destinations, local shops, and year-round recreation. Whether restored as an investment duplex or reimagined into one larger residence, 551 Old Route 17 offers location, flexibility, and upside potential.
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Our Executive Mortgage Banker:
$249,900
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 |
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|---|---|---|---|
| Loan Amount | $199,920 | $199,920 | $199,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | $413 | $413 | $413 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,197 | $1,247 | $1,647 |
| Total Monthly Payment | $1,685 | $1,735 | $2,135 |
* 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.