Welcome to an exceptional investment opportunity nestled on a spacious double lot - presenting a prime canvas for savvy investors or forward-thinking homeowners eager to embark on a transformative journey. This captivating two-family property stands as a testament to potential, awaiting a visionary touch to unlock its true brilliance. Boasting a versatile layout across two units, this property offers ample room for customization and creative adaptation. Whether you're seeking to capitalize on the rental market or envisioning your dream home, the possibilities are endless. Embracing a blank slate approach, the property is being offered vacant and as-is, inviting prospective buyers to explore its untapped potential. It's an invitation to roll up your sleeves and breathe new life into this diamond in the rough through a comprehensive gut renovation project. As you embark on this exciting venture, thorough due diligence is encouraged to uncover the property's full scope of opportunities and any pertinent zoning or construction regulations. With careful planning and a discerning eye, you have the chance to reimagine this space, crafting a masterpiece that reflects your unique vision and style. Don't miss out on the chance to seize this remarkable opportunity and embark on a journey of transformation. Embrace the challenge, and let your creativity flourish as you turn this hidden gem into a shining beacon of possibility.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$799,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $639,200 | $639,200 | $639,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $528 | $528 | $528 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,253 | $4,248 | $5,481 |
Total Monthly Payment | $4,873 | $4,868 | $6,101 |
* 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.