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Welcome to this fantastic Duplex multi-family property located in the highly desirable Belmont Section of the Bronx, NY. This is a rare opportunity to own a 2-unit building, with 1 unit offering 3 bedrooms and 1 bathroom and the other 2 Beds 1 Bath, making it an ideal investment for families or renters seeking spacious living spaces. The property has been meticulously maintained and recently upgraded with a new boiler and water heaters, this ensuring comfort and energy efficiency for all residents. With these modern amenities, tenants and or owners will enjoy a cozy and reliable living environment year-round, while minimizing utility costs for the owner. The Belmont section of the Bronx is known for its vibrant community, cultural diversity, and rich amenities. From beautiful parks and excellent schools to an array of shopping and dining options, this neighborhood has it all. Commuting is a breeze, with easy access to public transportation, including nearby subway stations and bus stops, providing quick connections to other parts of The Bronx and Manhattan. For investors, this multi-family property offers an excellent opportunity for rental income, with its two separate units catering to the strong demand for housing in the area. The location's popularity and ongoing development indicate the potential for property value appreciation over time, making it a promising long-term investment. Whether you're a seasoned investor or a homeowner seeking additional income, this property presents an attractive proposition. Don't miss out on the chance to own this prime real estate in the Belmont section of the Bronx. Contact us today to schedule a viewing and explore the exciting possibilities this property has to offer!
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Our Executive Mortgage Banker:
Our Insurance Division:
$649,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $519,920 | $519,920 | $519,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.037% | 6.152% |
Monthly Tax Payment | $150 | $150 | $150 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,244 | $3,416 | $4,352 |
Total Monthly Payment | $3,486 | $3,658 | $4,594 |
* 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.