Charming Triplex with Prime Redevelopment Potential – 2603-2607 Marconi St.
Discover an exceptional investment opportunity at 2603-2607 Marconi Street. This versatile property features a well-maintained triplex alongside a spacious vacant lot, presenting multiple avenues for lucrative returns. Whether you are looking to expand your rental portfolio, embark on a redevelopment project, or both, this offering is primed for success.
Triplex Configuration: Three well-appointed units, each designed for comfort and convenience. Ideal for generating steady rental income.
Adjacent Vacant Land: Expansive lot perfect for additional development, providing endless possibilities for creative real estate ventures. Total land size is 15, 890 sf (168' X 95').
Prime Location: Situated in a thriving neighborhood with easy access to key amenities, public transport, and vibrant community life.
Redevelopment Opportunity: The combined lot size opens the door to significant redevelopment potential. Envision a modern multi-family complex, upscale townhomes, or a mixed-use development – the choice is yours.
Asking Price: $950, 000
Zoning: Zoned RM-16, this portfolio is suitable for various redevelopment options (subject to local zoning regulations).
Benefit from the area's ongoing development and increasing property values.
Whether you aim to enhance the existing triplex, develop the vacant land, or undertake a comprehensive redevelopment, this property offers unmatched flexibility.
Enjoy the blend of urban amenities and suburban tranquility that makes this location highly desirable.
Don't miss out on this rare opportunity to secure a high-potential property in a prime location. Contact us today to arrange a viewing and explore the endless possibilities that 2603-2607 Marconi Street has to offer.
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Our Executive Mortgage Banker:
Our Insurance Division:
$950,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $760,000 | $760,000 | $760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.333% | 6.876% | 6.936% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,929 | $4,929 | $6,725 |
Total Monthly Payment | $5,021 | $5,021 | $6,817 |
* 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.