Legal MIXED-USE property consisting of three buildings on .64 acres. RPO Zoned for both residential and professional use. The Main structure comes in at 2,720 square feet and has been gutted for you to reimagine it as a home with Accessory Apartment or Professional Space downstairs with Living Quarters on second floor. The second house on the property is a 1,433 square foot residence with 3 Bedrooms/2 Full Baths and is currently occupied (Rent: $3800/month). Some updates include: new bathroom, kitchen appliances, gleaming hardwood floors, new rug, and new paint. The 3rd building, a small cottage, can be converted to a garage. This property provides many of opportunities for the savvy businessperson.
299 S Ocean Avenue, Brookhaven, (Patchogue), NY, 11772
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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