What a great investment! This fully brick 3 family property was built in 2007 with many high end features that you will not find in other investment properties. This 3 family is located on a dead end block with a large 5200 square foot lot. Each apartment is a fully updated 3 bedroom, 2 bath offering 1, 320 square feet with a private bathroom in the primary bedroom. Both the 2nd floor and 3rd floor apartments offer a front balcony as well as a rear balcony. The most unique feature in this property is the basement and utility set up! The front entrance to the basement provides a separate area for laundry and 4 heating systems, 4 hot water tanks, and 4 water meters as well as a studio apartment. Each tenant pays their own utilities; gas/heat, electric, and water a true investment gem! There is also a back separate entrance to the basement with a separate 1 bedroom apartment! This is a property you do not want to miss!
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William Raveis Real Estate
Phone: 888.699.8876
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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 | $1,839,200 | $1,839,200 | $1,839,200 |
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 | $1,369 | $1,369 | $1,369 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,299 | $11,324 | $15,273 |
Total Monthly Payment | $11,793 | $12,818 | $16,767 |
* 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.