Introducing 265 15th Street, a multi-family home with parking perfect for investors and end-users alike. Located on 15th St between 5th and 6th aves in the ideal South Slope location, 265 15th St is a three-family home currently setup as two duplex apartments. This fully detached brick house also features a driveway that can fit at least two cars. The lower duplex features the kitchen and living area on the garden level with two bedrooms upstairs. There are two full bathrooms. The upper duplex features three bedrooms and plenty of space for living and dining, along with two full-sized bathrooms. There is a quaint backyard exclusive to the lower duplex. There are hardwood floors throughout the home as well as a full-sized vented washer/dryer located on the lower level. 265 15th St is south facing so both apartments allow for plenty of sunlight throughout the day. Projected rent for the lower duplex is $5, 500 and $4, 500 for the upper duplex. Collect at least $600 per month additionally for both parking spaces. This home presents the rare opportunity to live in one unit while renting out the other to offset your mortgage or rent out the whole home as an investment with a cap rate at just under 5%. Alternatively, you can occupy the whole house and design the single family home of your dreams. Please contact the listing agent to schedule an appointment.
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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 | $1,992,000 | $1,992,000 | $1,992,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,155 | $12,265 | $16,542 |
Total Monthly Payment | $11,280 | $12,390 | $16,667 |
* 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.