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Due to overwhelming interest in this property, the seller prefers cash or a mortgage with large down payment. Offers should be at list price or better with no contingencies. Proof of Funds or mortgage pre-approval is required before appointment for viewing is confirmed. NO EXCEPTION! Must have confirmed appointment to view. PLEASE DO NOT SHOW UP AT THE PREMISES. Welcome to 103 Linden Avenue, a rare opportunity to own a well-maintained four-unit multi-family property in the heart of Middletown. This unique investment property features four separate 1-bedroom, 1-bathroom apartments, each offering a comfortable layout with a kitchen and living room. Located within an owner-occupancy zoning district, one unit must be occupied by the owner, making this an ideal option for both investors and owner-occupants seeking rental income. The City will allow the conversion of this building into a non-owner-occupied dwelling with three or fewer units. For more information about this process, please contact the Building Department. The property has been thoughtfully cared for and includes a spacious backyard with potential for off-street parking. Perfectly situated for commuters, the home offers convenient access to NY-17, I-84, trains, buses, and major transportation routes. Residents will enjoy close proximity to schools, parks, shopping, restaurants, supermarkets, fitness centers, medical facilities, and entertainment, Walmart, fast food chains and several eateries. Nearby attractions and amenities include: Woodbury Common Premium Outlets, LEGOLAND, Local wineries and casinos, Heritage Trail, Parks, SUNY Orange Touro College of Osteopathic Medicine, Garnet Health Medical Center, Crystal Run Healthcare, Middletown Medical, Walmart, Sam's Club, Galleria Mall, Movie Theaters and so much more. Whether you are looking to expand your investment portfolio or live in one unit while generating rental income from the others, 103 Linden Avenue presents an outstanding opportunity in a great location. Tenants pay for gas and electric. Landlord provides heat, hot water, water/sewer. All showings require 24–48 hours’ notice. Access will be coordinated through the seller or the broker’s office. As the units are substantially similar, only one representative unit will be shown in order to minimize disruption to tenants’ schedules. Due to overwhelming response, the seller is now only accepting cash offers with no contingencies.
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Our Executive Mortgage Banker:
$415,000
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 | $332,000 | $332,000 | $332,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.952% |
| Monthly Tax Payment | $532 | $532 | $532 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,988 | $2,096 | $2,757 |
| Total Monthly Payment | $2,595 | $2,703 | $3,364 |
* 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.