***INVESTOR OPPORTUNITY*** 2 Identical Homes on 2 Separate Lots
Property Details:
Price: $114, 900 each ($229, 800 for both; must purchase both)
Status: Off-market sale; buyers must verify all information.
Condition: NEW BUILD, NEVER FINISHED, RECENTLY UPDATED.
Homes are sold as-is.
Additional Opportunity: A contiguous third empty lot (no home) is available for $19, 000 extra to build a extra home.
Overview: Each home is approximately 80% finished and includes:
3 Bedrooms
1 Bathroom
Kitchen
Living Room
Dining Room
Laundry Area
Specifications:
Each Home: 1, 077 sq. ft.
Each Lot: 0. 33 acres
Concrete Slab
Wood Frame
Cement Stucco Walls
Roof: One Home Shingle & One Home Metal
Recent Updates Include:
New stucco exterior walls
Updated windows and exterior doors
New interior electrical and plumbing
Interior framing
New roofs (one metal, one shingle)
A/C ducts
Rock driveways
Landscaping approximately 70% complete
Work Needed:
Obtain new permits (county will honor previous inspections)
Create new floor plans for permitting
New survey, septic, and well installation
Electrical connection (post in front of lots)
Drywall installation
A/C system installation
Note: One home has an old lien related to expired permits that has been paid off and will be cleared upon obtaining new permits.
Don’t miss this chance to invest in two promising properties! Contact us for more details.
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Our Executive Mortgage Banker:
Our Insurance Division:
$114,900
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 | $91,920 | $91,920 | $91,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $7 | $7 | $7 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $612 | $611 | $775 |
Total Monthly Payment | $694 | $693 | $857 |
* 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.