Under contract-accepting backup offers. Resting on Over a Quarter Acre, Double-Lot Parcel (114' x 100') in the Ballast Point Neighborhood, This Four (4) Unit Multi-Family Apartment Complex Offers Spacious Living, Dedicated Laundry Closets for Each Unit and a Great Investment. All Four (4) Units are 918 Living SF Each and Offer Two (2) Bedrooms, One (1) Bathroom and a Private Outdoor Space. Both Buildings are Single Level, Concrete Block Construction and Offer the Following: Brand New Impact Windows and Doors, New Air Conditioning Systems for All Four Units, Fresh Exterior Paint, New White Vinyl Perimeter Fencing, New Parking Area, Large Common Yard, Pavered Back Porches & New Walkway, Fresh Landscaping and So Much More. Three of the Four Units Have Been Completely Updated with Brand New Kitchens with Quartz Countertops & New Appliances, New Flooring, Updated Bathroom with New Vanity, Tub & Tile, New Hot Water Heaters, New Interior Doors, New Hardware & Lighting/Plumbing Fixtures, New Closet Systems, New Trim Work, New Window Blinds and the List Goes On. Available for Immediate Sale and Occupancy. Only One of the Four Units Has Not Been Renovated and is Currently being Rented Month to Month for $1, 500. Each Unit Has its Own Water/Sewer/Trash Account, Separate Electric and Dedicated Laundry Closet. Spacious Rooms and Generous Outdoor Living Spaces Make These Units Very Comfortable and Appealing for Future Tenants/Owners. Projected Rental Rate for Renovated Units is $2, 500 per Month and the Projected Rental Rate for the Unrenovated Unit is $1, 800 per Month.
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $956,000 | $956,000 | $956,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.545% | 6.748% | 6.932% |
Monthly Tax Payment | $1,052 | $1,052 | $1,052 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,201 | $6,121 | $8,460 |
Total Monthly Payment | $7,378 | $7,298 | $9,637 |
* 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.