Charming Semi-Detached Two-Family Home in a Prime Opportunity Zone Location
Address: 177-30 106th Avenue, Jamaica, Queens
Price: $766, 000
Welcome to this handsome semi-detached, legal two-family home located in a qualified Opportunity Zone with R4-1 zoning. Situated on a 25x100 lot, this 20x40 property offers endless potential for renovation and investment in a highly sought-after area. The home features three exposures, providing incredible natural light and a sense of spaciousness throughout.
The second-floor unit is a well-lit 2-bedroom, 1-bath apartment with ample closet space, large windows, and a comfortable living area. The first-floor unit is a 1-bedroom, 1-bath layout with four rooms, including a cozy living room, kitchen, and dining area - all boasting great natural light, hand nailed oak floors, picture molding and generous closet space. The finished basement adds extra living space, ideal for a variety of uses, whether as a recreation room, home office, or storage. With a front and back yard, this home offers outdoor space for relaxing, gardening, or entertaining guests.
This property is perfect for investors looking for a two-family home with rental income potential, or for buyers seeking a home with room to grow. The home is ideally located in an Opportunity Zone, providing possible tax incentives for renovation and long-term investment. With ample parking in the shared driveway and easy access to public transportation, shops, and schools, this home is perfectly positioned for convenient living. Don't miss this rare opportunity to make this charming property your own and unlock its full potential. Schedule a showing today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$766,000
William Raveis Real Estate
Phone: 888.699.8876
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $612,800 | $612,800 | $612,800 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,975 | $3,924 | $5,089 |
Total Monthly Payment | $4,067 | $4,016 | $5,181 |
* 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.