This recently renovated brick 2-family home in the City of Newburgh offers an excellent investment opportunity or a comfortable living arrangement with rental income potential. Located on a desirable corner lot, this property features two spacious three-bedroom apartments. Unit 1 has a generous 3-bedroom apartment with modern updates and plenty of natural light. Unit 2 is another large 3-bedroom apartment, also recently renovated with contemporary finishes. Situated on a corner lot, providing additional privacy and outdoor space. Recent renovations ensure a move-in ready experience for tenants or new owners. This property combines the charm of a brick exterior with the convenience of modern interiors. Ideal for investors or owner-occupants looking to capitalize on rental income in a vibrant community. Don't miss out on this fantastic opportunity in the revitalization of the City of Newburgh! Contact us today to schedule a viewing.
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William Raveis Real Estate
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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 | $239,114 | $239,114 | $239,114 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $632 | $632 | $632 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,591 | $1,571 | $2,016 |
Total Monthly Payment | $2,298 | $2,278 | $2,723 |
* 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.