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Welcome to 81 Waring Place, Yonkers, NY 10703! This legal 3-family property is located in the heart of Yonkers and presents an excellent opportunity for both investors and owner-occupants. The property will be delivered completely VACANT, allowing the new owner to maximize rental income or customize the units to their needs. The FIRST-FLOOR UNIT FEATURES 3 BEDROOMS AND 1 FULL BATHROOM, while the SECOND-FLOOR UNIT ALSO OFFERS 3 BEDROOMS AND 1 FULL BATHROOM. The THIRD-FLOOR UNIT CONSISTS OF 1 BEDROOM AND 1 FULL BATHROOM. The home has been well maintained and is in great condition. The property is separately metered with three electric meters and three gas meters for cooking, making it attractive for future tenants and efficient property management. Heat and hot water are supplied by an oil-fired system, which is serviced by a 500-GALLON UNDERGROUND OIL TANK located on the property. Situated on a 4, 792-square-foot lot, this property offers convenient access to shopping, restaurants, public transportation, major highways, and New York City. Vacant legal 3-family homes are a rare find in today's market, and 81 Waring Place offers tremendous income-producing potential for investors seeking strong cash flow or owner-occupants looking to offset housing expenses with rental income. Don't miss this exceptional opportunity to own a well-maintained multifamily property in a prime Yonkers location.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$800,000
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 |
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|---|---|---|---|
| Loan Amount | $640,000 | $640,000 | $640,000 |
| 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 | $953 | $953 | $953 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,833 | $3,993 | $5,272 |
| Total Monthly Payment | $4,878 | $5,038 | $6,317 |
* 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.