Don't miss this great Investment Property! The first floor unit has 2 Bedrooms, both with hardwood floors, and a full bath. The Gally Kitchen opens to an inviting Dining Room and Living Room with attached Sun Room. The laundry is located in the partially finished lower level along with a Kitchen and wood burning fireplace. The second floor unit also contains a large Living Room space, Dining Room and Kitchen with laundry hookups. Two Bedrooms are located on this level along with a full bath. A third Bedroom with attached full bath is located on the lower level. This property contains a detached 3 car garage and wonderful outdoor space. A large patio with an impressive brick fireplace/grill is surrounded by lovely gardens. New Roof 2021. Conveniently located to restaurants, shopping and the Merrit Pkwy. The sale will include the adjacent lot at 24 Manila Ave. The existing 2 family home is partially on the property of 24 Manila Ave. The 3 car detached garage is on both 26 and 24 Manila Ave. Buyers and Buyers Agent to do do diligence regarding the non conforming structures. Being sold as is with inspections for information purposes only. Sellers will not be doing any repairs or giving any credits for repairs. This property has so much potential and a great opportunity! Highest and Best by 6: 00pm on 9/8/2024.
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $264,000 | $264,000 | $264,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.760% | 7.042% | 6.160% |
Monthly Tax Payment | $603 | $603 | $603 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,823 | $1,734 | $2,210 |
Total Monthly Payment | $2,501 | $2,412 | $2,888 |
* 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.