Welcome to 75-21 Myrtle Ave, a stunning brick mixed-use property. Located in a prime Glendale location with heavy traffic and close proximity to the Jackie Robinson Parkway. R4B zoning with a building dimension of 20 x 78. Offering a commercial storefront (pharmacy), (two) 2 bedroom 1 bathroom units over a 1 bedroom 1 bathroom unit, all of which are currently tenant occupied and producing a high rent roll. Additionally, this building offers an attached 2 car garage, which is highly sought after in an area such as this where parking can be a challenge. The property is a corner building and semi-attached, offering great curb appeal and visibility for the storefront space. Overall, a great investment opportunity that offers a high return. Truly a must see to believe !
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,645,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,316,000 | $1,316,000 | $1,316,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $706 | $706 | $706 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,472 | $8,210 | $11,016 |
Total Monthly Payment | $8,303 | $9,041 | $11,847 |
* 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.