Introducing a rare gem nestled in the heart of the Bronx a meticulously crafted investment property that promises both comfort and profitability. This legal Two-family haven boasts two apartments with an accessory recreational two bedrooms on the first floor, with full finished basement, catering to diverse living preferences. With two spacious three-bedroom units and an additional cozy two-bedroom space, it's primed for both families and professionals alike. Step inside to discover a harmonious blend of modernity and charm. Each apartment exudes warmth and functionality, with recent renovations accentuating the timeless appeal of brick architecture. And that's not all a finished basement awaits, offering additional living space or the perfect spot for a recreational area. Convenience is key, and this property delivers. Situated close to transportation hubs and major highways, commuting becomes a breeze. Plus, with parking available for two cars and a delightful backyard oasis, every aspect of urban living is seamlessly catered to. But what truly sets this property apart is its income-producing potential. In an era where such opportunities are increasingly scarce, this investment promises not just a roof over your head, but a steady stream of revenue. Don't miss your chance to own a piece of Bronx history seize this opportunity before it's too late. This property is more than just an investment it's a testament to the enduring allure of New York City living. BuildingAreaSource: Public Records,
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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 | $880,000 | $880,000 | $880,000 |
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 | $618 | $618 | $618 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $4,997 | $5,490 | $7,367 |
Total Monthly Payment | $5,740 | $6,233 | $8,110 |
* 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.