Ready to expand your portfolio, looking to start one? This is your next investment opportunity in the Village of Philmont. Here is what you get in this package deal!Combined 1. 52 prime acres in the Village of Philmont. Two properties; tax map id's: 113. 9-3-55 & 113. 9-3-85(1) - Vacant Lot in the Village. 40 of an acre, the lot will connect into the rail trail system going through the Village of Philmont. Offering great business potential for the future!(1) - Three unit multi-family building: 3, 808 sq ftUnit 1 has 3 beds, 1 bathUnit 2 has 2 beds, 1 bathUnit 3 has 1 bed, 1 bathAll units are currently occupied, tenants are all up to date on rent. Electric utilities are paid by the tenants. P & L available to qualified buyers(1) - Commercial Car wash: 1, 716 sq ftFully equipped car wash with three wash bays, two vacuum stations, merchandise area, security cameras around premises and additional storage in building. Opportunity to create your own business in place of the current car wash. P & L available to qualified buyers. (1) - 5 bay shedThis shed will need to be completely redone, but the opportunity is there with some TLC. Own your own business and collect rent from the start!
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Our Executive Mortgage Banker:
Our Insurance Division:
$459,900
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $367,920 | $367,920 | $367,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.011% | 7.171% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,541 | $2,445 | $3,155 |
Total Monthly Payment | $2,616 | $2,520 | $3,230 |
* 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.