Two Family + One Commercial Unit + BSMT A unique and rare real estate offering for an end user or investment. This mixed-use property offers a blend of residential comfort and commercial potential. Upstairs, discover two well-appointed apartments, each offering two bedrooms and two full bathrooms. This attached building features a spacious storefront on the first level. Also includes basement area, providing additional 800 sqft storage, ideal for a variety of business ventures, paired with a private entrance leading to residential units above. High Traffic Area, easy access to local amenities, shopping, dining, and public transportation, making it an ideal spot for both living and conducting business.Term asset appreciation potential. Store Tenant Lease Expires 08/31/24 Store pays: $3,000. Apartments Projected Income As per The Housing Auth. $3,027 Each Gross Monthly: $9,000 Gross Annual Income: $108,000. Owners Expenses: Tax: $3,000 Water: $1,500 Heat: $3,600
1812 Cedar Avenue, Bronx, NY, 10453
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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