Do not miss out on this amazing investment opportunity. Walking distance to Denton Avenue Project which will consist of over 300 townhomes, over 300 apartments and over a 1000 single family residential complex to be completed in next few years. 3-bedroom, 2-bathroom mobile home nestled on nearly 2 acres of land, offering both space and privacy. The home features a spacious open floor plan and a peaceful fully fenced outdoor setting with plenty of room for gardening, recreation, or expansion. Situated in a rapidly growing area with new construction nearby, this property holds excellent potential for investment. The sizable lot offers the potential to subdivide into smaller parcels, allowing for the addition of a second building or future development. (Buyers/buyers agent to verify with the city zoning and building department). Ideal for homeowners or investors seeking versatile options. Septic tank (2018), electricity repaired after storm (2018), plumbing replaced main pipe (2018), streetlight lighting, new HVAC installed in 2018, brand new water pump (2024), electric box replaced and updated electric outlets (2017). If you are a developer or builder in the area, this property is for you! Please do not walk into the property without appointment!
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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 | $151,920 | $151,920 | $151,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $42 | $42 | $42 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,011 | $998 | $1,281 |
Total Monthly Payment | $1,128 | $1,115 | $1,398 |
* 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.