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Welcome to 1945 Paulding Avenue — a well-kept, sun-filled legal 2-family brick townhouse located in the heart of Morris Park, Bronx. This property is a great opportunity for buyers looking to live in one unit and rent out the other, or for investors looking to add a solid income-producing property to their portfolio. The main unit is a duplex spread across two floors. On the first floor you will find a large living room, a formal dining room, a separate kitchen, and a half bathroom — plenty of space for the whole family to spread out. Head upstairs and you will find three spacious bedrooms and a full bathroom with both a soaking tub and a standing shower. The ground floor is a separate studio apartment with its own private entrance. It is ready to rent from day one, helping the new owner offset monthly mortgage costs right away. Step outside and enjoy a peaceful backyard surrounded by greenery — great for summer BBQs, gardening, or just relaxing. The property also includes an indoor one-car garage and a private driveway, giving you off-street parking that is hard to come by in New York City. The location could not be more convenient. The Morris Park #5 Express Train is just two blocks away, the BxM10 express bus provides a direct ride to Manhattan, and schools, parks, restaurants, and shops are all close by. A brand new Metro-North station is also coming to Morris Park! Making this an even smarter buy today. This property is delivered fully vacant and move-in ready. It is a legal 2-family with a valid Certificate of Occupancy on file. The building has one gas meter and one electric meter.
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Our Executive Mortgage Banker:
$750,000
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 | $600,000 | $600,000 | $600,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.412% | 6.640% | 5.952% |
| Monthly Tax Payment | $600 | $600 | $600 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,646 | $3,788 | $4,982 |
| Total Monthly Payment | $4,338 | $4,480 | $5,674 |
* 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.