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Welcome to 1165 Rottkamp Ave, a fantastic legal two-family home nestled in the heart of Valley Stream! Currently being utilized as a spacious single-family residence, this property offers a unique blend of versatility and opportunity. With its well-maintained structure, solid foundation and clean interiors, this home presents a blank canvas awaiting your personal touch. As you step inside, you'll mmediately appreciate the warm and inviting atmosphere. The generous living spaces boast an abundance of natural light, creating a cheerful ambiance throughout. The main floor features a comfortable living room that flows effortlessly into a formal dining area, perfect for entertaining family and friends all encapsulated with gleaming hardwood floors. The kitchen, while functional, is ready for your modern updates and design ideas, allowing you to create the culinary haven of your dreams. Ending down the hall way are 2 Queen bedrooms with ample closet space and full bath. The multiple bedrooms and bathrooms provide generous space for family living or guest accommodations. The layout is ideal for those seeking flexibility, with the potential to convert back to a two-family setup, as the curent 2 bedrooms and full bath on the second floor could easily be converted back to a fully functioning 1 bedrom acccessory unit, making it an excellent investment opportunity or inviting enough for extending . Imagine the possibilities—live in one unit while renting out the other, or accommodate extended family members with ease! Outside, you'll find a spacious backyard, perfect for summer barbecues, gardening, or simply enjoying some fresh air. The property also includes off-street parking, ensuring convenience for you and your guests. The unfinshed full basment with high ceilings are ready for sheetrock for your home office, private pool hall or red carpet theater again providing limitless opportunity for those ready to transform the space. Located in a vibrant neighborhood, 1165 Rottkamp Ave is within close proximity to local parks, schools, shopping centers, and public transportation options. Enjoy the best of both worlds—serenity at home and easy access to the bustling energy of Valley Stream. Commuters will appreciate the quick access to major roadways, airports and the nearby Long Island Rail Road stations, making travel to Manhattan and beyond a breeze. The well-kept condition provides a great starting point for your vision. Whether you're looking to invest, expand your living space, or create a multi-generational home, this property has the potential to meet all your needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$699,999
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 | $559,999 | $559,999 | $559,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.944% | 7.025% | 6.046% |
Monthly Tax Payment | $930 | $930 | $930 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,448 | $3,679 | $4,650 |
Total Monthly Payment | $4,470 | $4,701 | $5,672 |
* 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.