Opportunity knocks! Don't miss the chance to own a rare legal two-family home in the heart of Gibson! With only one owner, well-maintained property boasts two good-sized apartments, with the option of making one your home and renting out the other or renting out both as an investment property. Each apartment features a large living room and formal dining room, as well as an eat-in-kitchen and full bath. The main floor apartment has three bedrooms while the second floor has two. There are wood floors throughout both apartments (both seen and unseen). Hot water heater was replaced in 2023. The electric service was just updated to 200 amps. Gas line in backyard for barbecue hookup in addition to a well hookup for watering. A full, unfinished basement with separate outside entrance has potential for even more living space. A two-car garage and long driveway provide plenty of off-street parking. This home is a commuter's dream! Near the LIRR (Gibson Station) as well as shops, eateries and other public transportation. This is a great opportunity to own a home that also provides income!
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Our Executive Mortgage Banker:
Our Insurance Division:
$985,000
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 | $788,000 | $788,000 | $788,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.004% | 6.738% | 6.307% |
Monthly Tax Payment | $1,231 | $1,231 | $1,231 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,599 | $5,046 | $6,703 |
Total Monthly Payment | $5,922 | $6,369 | $8,026 |
* 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.