Historic Home for Sale in the Sponge Docks!
Experience the charm of history with this delightful, multi-unit home in the heart of the Sponge Docks! This property beautifully combines historic appeal with modern amenities, ideal for those seeking a prime investment with great potential. Located in the historic Sponge Docks, this home is near attractions, restaurants, and shops, making it appealing to both long-term renters and short-term guests.
The upper Level of the home Features a 4-bedroom, 2-bathroom layout, the upper floor is currently rented out, providing immediate income.
The lower Level features a cozy 1-bedroom, 1-bathroom lower level has ample potential for enhancement. A light renovation could easily add an extra room, increasing the unit's value. This unit is rented out at 2400 a month
This unit is a former AirBnB and can be sold fully furnished, offering a turnkey opportunity for short-term rentals.
The bottom unit is currently rented at 1000 a month. Expanding the bottom unit by adding an extra room can boost the property's value and rental income significantly. Seize this rare chance to own a historic property with significant potential. Whether you're seeking rental income, a new home, or a solid investment, this charming home offers it all.
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Our Executive Mortgage Banker:
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$550,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $440,000 | $440,000 | $440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.512% | 6.273% | 5.248% |
Monthly Tax Payment | $539 | $539 | $539 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,745 | $2,673 | $3,477 |
Total Monthly Payment | $3,376 | $3,304 | $4,108 |
* 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.