Opportunity knocks in Washington Heights – 2-family Townhouse with patio Nestled in the vibrant Washington Heights neighborhood, this property offers a fantastic versatile opportunity for those with a vision to create their dream home or a profitable investment. This property features two separate units, ideal for rental income or multi-generational living. You are greeted by two separate entrances to each unit. While the home requires renovation, it provides a blank canvas to design a space that perfectly suits your needs. Imagine updating the interiors with modern finishes, creating a warm, inviting atmosphere that reflects your style. One of the highlights of this property is the small patio—a perfect spot for morning coffee, evening relaxation, or a bit of gardening in the heart of the city. Located close to local shops, mini-malls, restaurants, and public transportation, 396 Audubon Avenue offers the convenience of urban living with the charm of a residential neighborhood. You’ll be just a short distance from the amenities and culture that make Washington Heights one of NYC’s most desirable areas. This is a rare chance to purchase a property with so much potential. Bring your contractor and imagination, and make this house your own! Schedule a viewing today and explore the endless possibilities!
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William Raveis Real Estate
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Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
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 | $876,000 | $876,000 | $876,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.795% | 6.472% | 5.966% |
Monthly Tax Payment | $394 | $394 | $394 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,043 | $5,465 | $7,333 |
Total Monthly Payment | $5,562 | $5,984 | $7,852 |
* 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.