Newburgh's Renaissance is here! Welcome to this beautifully renovated Victorian gem, perfect for investors or owner-occupants seeking rental income. This exquisite three-family home boasts three individual units, each thoughtfully designed with modern amenities while preserving the charm of its historic architecture. Property Highlights: Unit 1: Spacious 2-bedroom unit with gleaming hardwood floors, brand-new appliances, and large windows that flood the space with natural light. Unit 2: Another elegant 2-bedroom unit, featuring the same high-end finishes and attention to detail. Unit 3: Expansive 3-bedroom unit, perfect for larger households or those needing extra space. Her sister building -13 Liberty - is attached and also for sale and needing total renovation. Buy them together and own the entire building. This property is ideally located in the happening part of the city. Contact us today to schedule a look. Great opportunity to get in on Newburgh's growing revitalization,
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William Raveis Real Estate
Phone: 888.699.8876
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $399,115 | $399,115 | $399,115 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $758 | $758 | $758 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,655 | $2,653 | $3,366 |
Total Monthly Payment | $3,488 | $3,486 | $4,199 |
* 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.