Calling all house hackers, savvy buyers, and opportunistic investors. 4301 2nd Ave S is a unique opportunity that qualifies for financing with a recently completed clean 4 point report. This property is a true double lot with a charming single-family home and a detached studio apartment on one parcel and then next door is an adjacent vacant parcel of land. The main home offers 2 bedrooms and 1 bathroom, with modern updates including a 2020 HVAC system, a 2021 architectural shingle roof, and updated electrical systems, providing a solid foundation for your personal touches. The detached studio apartment is an ideal setup for potential rental income or a cozy guest suite. Imagine living in either the main house or the studio apartment while exploring the endless possibilities of the adjacent vacant lot. Whether you choose to build a new home, expand your garden oasis, add a pool, or sell the lot to a builder, the options are abundant. Embrace the opportunity to create your dream home or investment in a vibrant community. Zoning also allows for two single family homes and two ADUs (Accessory Dwelling Units) on the property. Don’t miss out on this versatile property that combines comfort, potential, and smart investment.
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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 | $399,920 | $399,920 | $399,920 |
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 | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $38 | $38 | $38 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,661 | $2,658 | $3,373 |
Total Monthly Payment | $2,774 | $2,771 | $3,486 |
* 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.