5806 5816 Route 23, Cairo (Acra), NY, 12405 | $375,000
Opportunity awaits! A three bedroom, two bath home and a building that was used as a restaurant are all on the same property. Some renovations were done to the home in order to repair previous damage but finish them how you want. House is zoned for one or two family and could be potential investment property. The building that was once a restaurant has a commercial kitchen with some equipment, large dining area, two bathrooms and utility area. In addition there are 3 more smaller blogs on the property (a small garage, shed and a cold storage cooler on the exterior of the restaurant), a large covered deck at the restaurant and large gazebo. Set on 3 acres on the corner of State Route 23 and Edison Timmerman Rd there is a lot of exposure to the property, high traffic and would make a great opportunity, both residential and commercial. There are 2 septic's on the property - one for the commercial building and one for the house. The house and the commercial property share a well. This property is being sold as is and is priced to sell. All appliances believed to be in working condition and are also sold as is. A great opportunity for both residential and commercial investment. Approx. 20 min from NYS Thruway and 15 minutes to the village of Windham.
Features
- Town: Cairo
- Parking: parking lot
- Heating: Electric
- Approx Lot Sq. Feet: 130,680
- Lot Size: 3 acres
- Year Built: 1994
- Approx Sq. Feet: 2,215
- Acreage: 3
- MLS#: 156866
- Days on Market: 3 days
- Website: https://www.raveis.com
/prop/156866/58065816route23_cairo_ny?source=qrflyer
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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
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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860.690.5052
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
5806 5816 Route 23, Cairo (Acra), NY, 12405
$375,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $300,000 | $300,000 | $300,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.058% | 7.025% | 6.132% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,896 | $1,971 | $2,511 |
| Total Monthly Payment | $1,971 | $2,046 | $2,586 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535