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With much of its original woodwork still intact, this 1910 two-family home offers timeless character along with several key improvements already in place. Each unit offers 2 bedrooms, 1 full bath, kitchen, dining room, and living room. Separate gas meters and furnaces provide independent utilities for each apartment. While the property could benefit from updating and cosmetic improvements, many important upgrades have already been completed, including newer windows, recently updated bathrooms, added insulation, gutter toppers, fully paid-off solar panels that provide long-term energy savings, and updates to much of the home’s electric and plumbing systems. Both the front and rear porches are enclosed, adding additional usable space. A standout feature is the large walk-up attic, which offers exciting possibilities for future expansion. The attic already has roughed-in plumbing for an additional full bath, with water, sewer, gas, and electric lines already in place. Completing the property is a detached one-car garage. Whether you’re an investor, contractor, or buyer looking to build equity, this property presents a great opportunity to restore, update, and capitalize on the character and potential this classic home has to offer. Located just a short distance from the Bardavon Performing Arts Center and Poughkeepsie's thriving culinary and arts scene, just minutes to Metro North, Vassar Brothers Hospital, the Culinary Institute of America, Marist and Vassar Colleges and much more. Don’t miss this incredible opportunity.
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Our Executive Mortgage Banker:
$325,000
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 |
|
|---|---|---|---|
| Loan Amount | $260,000 | $260,000 | $260,000 |
| 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 | 6.436% | 6.603% | 5.952% |
| Monthly Tax Payment | $577 | $577 | $577 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,580 | $1,642 | $2,159 |
| Total Monthly Payment | $2,232 | $2,294 | $2,811 |
* 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.