Income of a Quad with half the maintenance and fully updated. This stunning duplex pulls in almost $50, 000 annually. 1, 600 square foot front house with 3BR/2BA + bonus room as well as an exceptional1BR guest house in the back (with alley access) at 700sqft (around 2300sqft total). There were massive renovations in 2019/2020 and it is move in ready. Electrical, plumbing, roof and HVAC should all be good to go. The main house has a bonus office or exercise room plus laundry room. The primary suite has a huge walk in closest with wood shelving, an incredible bathroom, as well as French doors to the back deck. The guest house will blow you away with its style, space, and materials, full kitchen and laundry. The bedroom and bathroom are spacious and best of all it has its own private courtyard, which could become rear parking from the alley if needed. Home previously rented for $2500 and rear unit for $1500. You do have to see this one in person.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $503,200 | $503,200 | $503,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $506 | $506 | $506 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,390 | $3,344 | $4,244 |
Total Monthly Payment | $3,988 | $3,942 | $4,842 |
* 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.