This property has incredible investment potential zoned for R3X. The property underwent conversion from a two-family, 6-bedroom home to a legal 1-family "mixed-use" dwelling containing a dentist office with 1/2 bath, and studio with full bathroom on half of the first floor, the upstairs is comprised of a three-bedroom, 1 bath apartment. The property is adjacent to a 5, 000-square-foot medical facility, making it eligible to be converted into a similar commercial building. Other options include adding a 2-story structure in the rear yard to expand floor space or utilizing the entire 1, 000-square-foot first floor as a store or business, alongside the existing residential unit on the second floor. The residence offers numerous outstanding attributes, such as a 3-foot attic fan equipped with thermostat activation and 2 attic vents. Additionally, it showcases hardwood flooring throughout, along with insulated walls and sound board ceilings to reduce noise transmission between floors. The property is equipped with 3-zone heating, each with its own thermostat, ensuring comfort throughout the home. Furthermore, the basement features French drainage with cleanout access and two sump pumps. Outside, the rear yard spans approximately 25 x 40 feet, featuring an enchanting patio area and landscaped cemented sections. A legally installed gas pool heater adds to the allure, fenced off separately with 5-foot gates for added privacy. The home stands in exceptional condition and offers remarkable amenities that distinguish it from others on the market.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,150,000
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 | $920,000 | $920,000 | $920,000 |
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 | $589 | $589 | $589 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,152 | $5,590 | $7,578 |
Total Monthly Payment | $5,866 | $6,304 | $8,292 |
* 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.