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Welcome to this exceptional two-family brick home on a charming tree-lined block in Yonkers, perfectly positioned for the savvy owner-occupant investor. Built in 1905 with a renovation in 2019, this corner lot property combines classic character with modern updates. The spacious first floor unit offers two bedrooms, one bathroom, plus a versatile sunroom/bonus room, ideal for a home office or nursery, along with an enclosed back porch/balcony. Move right in and make it your own while your investment works for you. The second floor unit features three bedrooms, one bathroom, and its own enclosed balcony, and comes with a reliable, established tenant already in place. Meaning rental income from day one. Both units benefit from brand new windows installed in 2019, backed by a transferable lifetime warranty, and a roof replaced in 2021, giving the new owner peace of mind for years to come. Additional highlights include a two-car garage, a patio area, and an unfinished basement offering potential for future development. At $750, 000, this is a rare opportunity to begin your real estate investment journey. . . live comfortably, build equity, and collect rent all at once.
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Our Executive Mortgage Banker:
$749,999
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 | $599,999 | $599,999 | $599,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.324% | 6.524% | 5.846% |
| Monthly Tax Payment | $86,012 | $86,012 | $86,012 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,549 | $3,743 | $4,942 |
| Total Monthly Payment | $89,653 | $89,847 | $91,046 |
* 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.