Based on current list price, property is overassesed by 45%. The sale price will be the ulimate determination on how much the property tax will be reduced. Deduction won't happen until the 2025 school year. Please verify with the assessor of Mt. Vernon. Please do your own due dilligence with the municipality.This multi-family is a great investment opportunity. Usage allowed by special permits such as places of worship, nursery school/daycare center, Drs. office and many other options. property includes 6 parking spots. For description of units please see photos.
Heating:
Natural Gas, Oil, Forced Air, Hot Water, Hydro Air, Radiant
Cooling:
Central Air, Window Unit(s)
Basement:
Full, Walk-Out Access
Lot Description:
Level, Near Public Transit
Elementary School:
Columbus Elementary School
Middle School:
Ab Davis Steam High School
High School:
Call Listing Agent
School District:
Mount Vernon
101 Park Avenue, Mount Vernon, NY, 10550
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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