Priced to generate highest and best. Great opportunity to rehab a former duplex. Large Corner Lot with majestic oaks. No inside access provided. This is a former duplex. There is a 2 Bedroom and 1 bathroom with a Living room and Kitchen on one side and there is a 3 Bedroom and 1 bath on the other side. Walls remain, Floors remain, Most of the ceilings were removed. Roof was installed around 2005. HOWEVER. . . . the kitchens have been removed. Bathrooms have a One Piece Fiberglass Tub/ Shower Combo as renovations were started. New ductwork was run in the ceiling and an air handler was placed in attic. Age is estimated to be 10 years old and unsure of brand and actual age. This one stretches across 2 lots. No inspection period. Offers are accepted only with POF in buyers name and current date. All information is deemed reliable but buyer to do own due diligence with the city and permitting. Seller has never occupied the property. Let's negotiate to generate multiple streams of income from this income producing property.
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William Raveis Mortgage, LLC
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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 | $191,920 | $191,920 | $191,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $115 | $115 | $115 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,277 | $1,276 | $1,646 |
Total Monthly Payment | $1,467 | $1,466 | $1,836 |
* 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.