Potential and Income Await at This Unique Property Situated on 4. 78 centrally located acres, this property offers boundless possibilities and income-generating opportunities. Featuring a versatile triplex, it’s perfect for residential rentals or commercial leasing. Here’s What Makes It Special: • Three Distinct Units: o Unit A: 2-bedroom, 1-bath with a dishwasher and washer/dryer. o Unit B: 1-bedroom, 1-bath. o Unit C: 1-bedroom, 1-bath. • Recent Upgrades: o New windows in Unit B. o Exterior stucco redone across the entire building. o Brand-new roof (2024). o Tree removal completed with an approved 2-year permit allowing for remaining trees to be cleared (1. 5 years left). o A new septic tank is to be installed soon. • Appliances Ready to Install: o Brand-new ranges and refrigerators for all units. The property also includes a two-car garage, adding extra value and functionality. Zoned AR (Agricultural Rural) with mixed-use approval, this land offers flexibility for both residential and commercial endeavors. With well water, a septic system, and ample space, this property combines the charm of rural living with the convenience of central access. It’s the perfect investment, development opportunity, or place to call home. Schedule Your Showing Today Bring your vision to life on this unique property!
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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 | $500,000 | $500,000 | $500,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.352% | 7.042% | 6.160% |
Monthly Tax Payment | $577 | $577 | $577 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,285 | $3,285 | $4,186 |
Total Monthly Payment | $3,954 | $3,954 | $4,855 |
* 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.