Brick construction 2 family Tudor style home in highly sought after South Ozone Park, Queens. Original owners, first time on the market in 80+ years. House sits on a deep 20 x 115 lot with a generous 20 x 37 building size and charming Tudor details like sunken living room, vaulted ceiling with exposed beams, 2 fireplaces, stained glass window, and much more. Top floor features 2 bedrooms, full bathroom, eat-in-kitchen, high ceilings, large windows, and hardwood floors. First floor features sunken living room with fireplace & exposed beams, straight line kitchen, access to basement, and full size bedroom with access to rear patio. Basement features above average height ceilings, fireplace, full bathroom, access to backyard and house utilities. Outdoor features include large front yard, decorative half timbering, 1-car garage and private driveway, rear patio, and private backyard. Great for end users who want to live in the owner duplex and rent out the top unit, end users who want to use the entire home as a large single-family, or investors who want to capitalize on the rental income. In terms of location, it doesn't get much better. Just 2 blocks from top rated PS 155, 4 blocks to Frederick B. Judge Playground, 3 blocks to Linden Blvd, and 4 blocks to bustling Rockaway Blvd. Also near JFK, Aqueduct Racetrack, Resorts World, and Rockaway beaches. Easy access to Manhattan via Q9 bus on Lincoln St which provides direct access to E train or LIRR at Sutphin Blvd. All major components in working order. House needs some work (property being sold as-is) but has tons of potential. If you're looking for a 2 family in Queens, this one offers great value for the price and has plenty of upside potential for the future!
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William Raveis Real Estate
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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 | $580,000 | $580,000 | $580,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.125% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.880% | 7.295% | 6.644% |
Monthly Tax Payment | $576 | $576 | $576 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,908 | $3,908 | $5,013 |
Total Monthly Payment | $4,576 | $4,576 | $5,681 |
* 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.