PROPERTY IS MORTGAGEABLE--ALL OFFERS: FINANCING, HARD MONEY & CASH OFFERS ARE BEING CONSIDERED. Two-family, 4-bedroom, 2 full bathroom property on a MASSIVE 66. 5x100 DOUBLE LOT is every investor's dream. Interior sq. footage at 1, 805 is also larger than reflect with local muncipality. Property layout is 2 bedrooms, 1 bathroom over 2 bedrooms, 1 bathroom. 2nd floor unit: hardwood floors exist under carpet, ample closet space all throughout, extra-large master bedroom with his and her closets and door leading to an outdoor space that can be transformed into a private balcony. 1st floor unit: two entry/exits with extra-large master bedroom and his and hers closets as well. Each unit lends itself to constructing an expansive, open concept layout. 1-car garage at back of property can be converted to livable space. This double lot can also be subdivided--potential buyers should check with local zoning for specific regulations. LOW TAXES AT ONLY $2, 768. 32 ANNUALLY FOR DOUBLE LOT. Property also being sold as-is. Property being located in the Wakefield section of the Bronx brings with it the added bonus of 2 and 5 trains nearby, Bx31 and Bx16 MTA buses within minutes of the front door, Metro North Woodlawn Station 1. 3 miles away and close proximity to major highways. Restaurants, houses of worship, schools, shopping plaza and amenities including Baychester Shopping Plaza, Foodtown, Walgreens, Rite Aid, USPS and Blink Fitness to mention a few on White Plains Rd. and Target a few minutes away. If you're an investor looking for a great ROI, look no more.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $360,000 | $360,000 | $360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $231 | $231 | $231 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,395 | $2,393 | $3,036 |
Total Monthly Payment | $2,701 | $2,699 | $3,342 |
* 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.