Welcome to this spacious and well-maintained Legal 3-family home in the heart of East Elmhurst. A Beautiful House located in East Elmhurst. Close to 24-hour Buses, Close to 7 trains. Close to Parks, Close to AerospaceScience, Louis Armstrong, PS-148, and Early Childhood Schools, Close Shops, Close to Police Precincts, Near Public Transportation, Near to houses of Worship. This property offers not only ample living space but also great investment potential. With a total of 9 bedrooms and 5 bathrooms, this home is perfect for multi-generational living or generating rental income. Each apartment features bedrooms, a living room, a dining room, an eat-in kitchen, and two full bathrooms, providing comfort and convenience for all occupants with Balcony. The apartments' well-designed layouts maximize natural light and offer a warm and welcoming atmosphere. The finished basement is an excellent additional space, with two Bedrooms/living rooms perfect for recreational activities or a home office, with easy access to the backyard and patio area. The property boasts a backyard, ideal for relaxing and enjoying the outdoors. The property provides an excellent income opportunity to help with mortgage payments or as an investment property for passive income. Don't miss this chance to own a versatile and spacious 3-family home in East Elmhurst. Whether you're an investor or looking for a home for yourself, this property offers the best of both worlds. Schedule a viewing today and seize this incredible opportunity!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,550,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,240,000 | $1,240,000 | $1,240,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.055% | 6.234% | 5.805% |
Monthly Tax Payment | $689 | $689 | $689 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,944 | $7,534 | $10,214 |
Total Monthly Payment | $7,758 | $8,348 | $11,028 |
* 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.