Introducing a remarkable 4-family property located in a great location, this newly renovated gem offers a multitude of features that are sure to impress. With a total of 11 bedrooms and 5 bathrooms, this spacious residence provides ample living space for multiple households. Upon entering, you'll be greeted by the stunning wood floors that flow throughout the property, adding a touch of elegance to each room. The full finished clear basement offers additional space for various purposes, allowing for endless possibilities. The modern bathrooms are tastefully designed, providing a contemporary touch to the property. The newly installed appliances in the kitchen ensure convenience and efficiency for all residents. One of the standout features of this property is that each rental unit is responsible for their own utilities, offering a hassle-free experience for both the landlord and tenants. Additionally, the new sewer system ensures a smooth and efficient waste management process. Currently, two of the units have leases that will end in July and November respectively, providing flexibility for potential buyers or investors. This presents an opportunity for new owners to either renew the leases or explore other possibilities. Situated in a prime location, this property is conveniently close to shops and mass transit, making it an ideal choice for those seeking easy access to amenities and transportation.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,350,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $1,080,000 | $1,080,000 | $1,080,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.902% | 6.360% | 6.056% |
Monthly Tax Payment | $692 | $692 | $692 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,132 | $6,650 | $9,041 |
Total Monthly Payment | $6,949 | $7,467 | $9,858 |
* 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.