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Exciting Investment Opportunity in the Heart of Historic Hyde Park! Seize the chance to own a remarkable property that has been cherished by a local family for over 50 years. This versatile two-family residence, complete with a private 2 room office, presents endless possibilities for savvy investors. The upper level boasts a spacious one-bedroom apartment featuring original hardwood floors, a primary bedroom with two generous closets, and a tiled bathroom with a large linen closet. The eat-in kitchen is very spacious, equipped with a propane range, a walk-in pantry, and a new refrigerator. This unit currently houses a long-term month-to-month tenant, ensuring immediate rental income. On the main floor, you'll find a freshly updated studio apartment with newer flooring and appliances, ready for new tenants or guests. The street-facing office offers a private entry with a bright and inviting workspace, adorned with hardwood floors and a decorative fireplace. This area also includes a smaller 2nd office and a convenient half bathroom. Set in a charming vintage building, this property features character and charm, along with off-street parking for up to four cars. Additional street parking is available, and a shopping plaza is conveniently located just across the street. Don't miss out on this unique opportunity to invest in a prime location filled with potential! Building has newer roof and sewer piping. New boiler in basement. Office will be vacant in June. Please give a minimum of 48 hours showing notice. Please review floor plans. Fireplace does NOT work. . This property features a newer roof and updated sewer piping, ensuring peace of mind for future maintenance. The basement houses a brand-new boiler, enhancing the building's efficiency. The office space will be available starting in June, making it an ideal opportunity for new tenants. Please allow a minimum of 48 hours for viewing appointments and be sure to review the provided floor plans. Sited in the enchanting Hudson Valley, this location offers a vibrant lifestyle filled with vineyards, picturesque parks, scenic walking trails, antique shops, and charming cafes. Enjoy an abundance of culinary experiences with farm-to-table restaurants that celebrate local flavors. Embrace the perfect blend of convenience and charm in this thriving community! *must have a confirmed appoiment, prior to walking on property. Review all showing instructions.
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Our Executive Mortgage Banker:
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$349,000
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 | $279,200 | $279,200 | $279,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.303% | 6.510% |
Monthly Tax Payment | $876 | $876 | $876 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,765 | $1,881 | $2,394 |
Total Monthly Payment | $2,716 | $2,832 | $3,345 |
* 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.