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Fantastic Investment Opportunity - Spacious 2-Family Home with Strong Income Potential! Welcome to 11 Windsor Place, a well-maintained two-family property offering exceptional versatility for investors and owner-occupants alike. This oversized multi-family features two spacious units with separate living spaces and excellent rental potential. The lower-level unit offers 2 bedrooms, 1 full bath, electric heat, and is currently rented on a month-to-month lease for $1, 500 per month (current rent should be $1, 950). The expansive main unit spans three finished levels and features 4 bedrooms, 3 full bathrooms, and extra space for home offices, playrooms, etc, and high-efficiency gas heating/hot water system. The flexible floor plan provides abundant living space, making it ideal for larger households or multi-generational living. It's currently rented for $5, 000/month. Outside, you'll find a large detached storage shed and an oversized paved driveway with off-street parking for 8+ vehicles, a rare convenience in this location. Ideally situated close to shopping, public transportation, parks, Metro-North, and major commuter routes including I-95 and Route 7, this property combines convenience with outstanding investment potential. Whether you're looking to expand your real estate portfolio or offset your mortgage by living in one unit while collecting rental income from the other, this is an opportunity you won't want to miss. Schedule your private viewing before it's gone!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.2006
Francine.Silberman@raveis.com
NMLS Mortgage Loan Originator ID 69244
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.5535
Mace.Rattet@raveis.com
NMLS Mortgage Loan Originator ID 69957
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $640,000 | $640,000 | $640,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.866% |
| Monthly Tax Payment | $877 | $877 | $877 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,833 | $4,041 | $5,272 |
| Total Monthly Payment | $4,802 | $5,010 | $6,241 |
* 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.