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Welcome to 1843 Muliner Avenue, a fully detached legal two-family home located in the sought-after Little Yemen section of Morris Park. Situated on a 25' x 100' lot and offering approximately 1, 960 square feet of living space, this property presents an exceptional opportunity for investors, multi-generational households, or owner-occupants looking to generate rental income to help offset their mortgage. The home features a spacious and sun-filled upper apartment a Jr-3 Bedroom, 1 full bathroom, the bonus third room can easily serve as a third bedroom, home office, nursery, walk-in closet, or additional storage space. The lower unit offers a generously sized 2-bedroom, 1-bathroom layout with comfortable living and dining areas. A full unfinished basement provides abundant storage and offers excellent potential for future recreation space, a workshop, or additional finished living area (subject to applicable approvals). Outside, you'll enjoy the convenience of a private carport and outdoor spaceāan increasingly rare find in this neighborhood. Location is everything, and this home truly delivers. Just steps from Matthews-Muliner Playground, residents enjoy easy access to local shops, restaurants, cafes, grocery stores, pharmacies, and everyday conveniences. The property is ideally positioned near the vibrant commercial corridors of White Plains Road and Morris Park Avenue, offering an array of dining, retail, and service options. Commuters will appreciate the excellent transportation access, including: Walking distance to the 2 and 5 subway lines. Convenient access to Manhattan express bus routes. Easy connectivity throughout The Bronx, Manhattan, and Westchester County. Whether you're looking to expand your investment portfolio, live in one unit while collecting rental income from the other, or accommodate extended family under one roof, Don't miss this outstanding opportunity. Offered at a compelling price point, this property combines value, versatility, and long-term potential. Boiler & Hot water tank less than 5 years old. Tenant photos have been digitally altered to remove personal belongings for privacy.
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Our Executive Mortgage Banker:
$799,000
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 | $639,200 | $639,200 | $639,200 |
| 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 | $511 | $511 | $511 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,828 | $4,036 | $5,308 |
| Total Monthly Payment | $4,431 | $4,639 | $5,911 |
* 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.