Prime Investment Opportunity in Pelham! Or let your rental income pay your mortgage. Pelham is fabulous and vibrant community to live with tons of arts, restaurant, and shops at you fingertips This well-maintained, income-producing property in the heart of Pelham is perfect for investors or owner-occupiers. Just two blocks from the train, town center, schools, parks, and cultural venues, it's located on a quiet, charming street with a quick 25-minute train ride to NYC. Apartment 1 (Vacant): Nearly 2000 sq. ft. of updated, move-in-ready space. Features include 3 new baths, a remodeled eat-in kitchen with stainless-steel appliances, a private patio, yard, and attached garage with a workstation, plus a spot in the driveway. Spacious living/dining room with bay window, central AC, plenty of closets, and a finished lower level with a flexible open floor plan, private laundry room and yard egress. Apartment 2 (Rented): Immaculate and stylish. Renovated kitchen with stainless-steel appliances and granite counters, sliders to a to private deck, new bath, new washer/dryer, central AC, abundant private attic storage, and access to an oversized garage with extra storage space and a second spot in the driveway Don't miss out on this extraordinary property!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,175,000
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 | $940,000 | $940,000 | $940,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | $1,949 | $1,949 | $1,949 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,046 | $5,560 | $7,743 |
Total Monthly Payment | $7,120 | $7,634 | $9,817 |
* 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.