A rare opportunity to have a two-family property that can pay for itself. This fenced-in duplex offers you all the comforts and amenities of modern life. The roof was replaced in Sep 2016, a New AC was installed on the left side unit in 2023, and the other side works great. Each side has three spacious bedrooms, one bathroom, and indoor laundry. Enjoy vaulted ceilings, an open floor plan from the living room into the kitchen, and plenty of parking out front on concrete driveways. The large fenced backyard provides additional privacy and outdoor living space for you or your potential tenants. Whether you’re looking for investment income or simply want to live with a reduced monthly payment by renting out one side while occupying the other, this property is ideal. Water and electricity are each separately metered per side! Current market rents are $1395 each side - imagine what it could be like with both units rented! FHA or VA financing means you could make this dream come true with very little or no money down. Don't wait - seize this opportunity now before somebody else does! The listing agent has ownership in the LLC that owns the property and is also open to a lease purchase option.
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Our Executive Mortgage Banker:
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$365,000
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 | $292,000 | $292,000 | $292,000 |
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 | $464 | $464 | $464 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,943 | $1,941 | $2,504 |
Total Monthly Payment | $2,482 | $2,480 | $3,043 |
* 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.