Calling all Investors! Three buildings on a corner lot in a high traffic area on State Route 42, 547 Broadway, Monticello, NY Has a positive cash flow, Apt #1, one bedroom is rented for $1050/month. Apt #2, two bedroom is rented at $1,300/month, Apt # 3- one bedroom is rented at $1,000/month and the custard stand (separate retail building) is rented for $1,500/month. Owner pays taxes, water, sewer, Lawn, snowing plowing and insurance. Tenants pay electric. The owner would continue to rent one of the offices on the first floor. Great location, plenty of parking walking distance to shopping, transportation and restaurants.
547 Broadway, Monticello, NY, 12701
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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