1 Vine Street, Beacon, NY, 12508 | $875,000

Unique and rarely available fully detached legal 3 family with private driveway, detached 2 car garage, backyard with mountain views, decorative relief brickwork, Navien tankless heating system, custom landscaping, water filtration system, and much more. Property features 6 bedrooms (2 over 3 over 1), 3 bathrooms, 3, 396 sq ft of living space, and sits on a 73 x 100 lot. Great for an end user or cash flow income investor. Live in one unit and rent out the rest, or rent out all units and generate a 7+% cap rate. Top floor features a large 2 bedroom apartment with upgraded kitchen, upgraded bathroom, refinished floors, ductless mini split units, functioning pellet stove, and access to the huge attic space which runs the full length of the building. Attic can be finished to increase living space, with proper permits. Top floor currently occupied with wonderful and good standing tenants paying $2, 400/mo. 1st floor (vacant) features a spacious 3 bedroom apartment with renovated kitchen, renovated bathroom, updated floors, primary bedroom with fireplace, recessed lighting, access to laundry/storage room, and access to backyard. Most recent rent for the first floor unit was $3, 100/mo. Basement (vacant) is a legal dwelling featuring a sunny living room, large eat-in-kitchen, full bathroom, extra large bedroom, large windows, house utilities, and access to backyard. Projected rent for basement unit is $1, 700-$1, 800/mo. First floor and basement can be used as a 4 bedroom/2 bath duplex as well. Each apartment has its own private entrance which allows for additional privacy and convenience. Backyard has been tastefully designed with custom pavers, pergola, firepit, and modern fencing. Landscaping of the entire home has also been carefully designed for beautiful year round greenery. In terms of location, you couldn't ask for much more. Just 3 blocks from NY State Route 9D, 3 blocks from the Beacon Daily, 4 blocks to trendy Main St, and 5 blocks to South Ave Park. When you walk up to Main Street you're right in the middle of all the commerce so you can go left or right and enjoy an array of stores, restaurants, shopping, and entertainment. Also near Beacon Metro North station which provides direct access to New York City (6 stops to Grand Central Terminal). Easy access to hiking trails and everything upstate New York has to offer. So much to list, a unique opportunity to own a legal 3 family in one of the most highly sought after neighborhoods in Dutchess County.

Features

  • Bedrooms: 6
  • Baths: 3 full
  • Style: Colonial
  • Year Built: 1938
  • Garage: 2-car
  • Cooling: Multi Units, Wall/Window Unit(s)
  • Basement: Finished, Full, Walk-Out Access
  • Acreage: 0.16
  • Est. Taxes: $15,086
  • School District: Beacon
  • MLS#: 852766
  • Days on Market: 3 days
  • Website: https://www.raveis.com
    /prop/852766/1vinestreet_beacon_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Keller Williams Landmark II   Phone: 347-846-1200

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

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1 Vine Street, Beacon, NY, 12508

$875,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $700,000 $700,000 $700,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.625% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.614% 6.727% 6.309%
Monthly Tax Payment $1,257 $1,257 $1,257
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,975 $4,482 $5,954
Total Monthly Payment $5,324 $5,831 $7,303

* 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.