Earn 12% return on investment or a lot more. Great Historic brick building on Front Street in the Renaissance City of Port Jervis. This Huge 3500 square foot building is Active Business downstairs and two modern residential apartments upstairs. Walk to NYC Trains. Would be Great as an Air B&B which would bring the CASH in hand over fist. As is now Business pays $2200 per month and apt bring in $2700 for $4900 gross oer month of $58,000 gross per year. Net return on Income is $48,000 per year as tenants pay water sewer and utilities.
92 Front Street, Port Jervis, NY, 12771
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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