Charming 4-Unit Multifamily Home in Stockport, NY - Turnkey Investment Opportunity!Welcome to this beautifully renovated 4-unit multifamily home located in the serene town of Stockport, NY. Offering a prime location overlooking the picturesque creek and adjacent to the Electric Trail, this property is a fantastic investment opportunity. Spanning 3, 136 sq. ft. , each unit features 2 spacious bedrooms, 1 full bath, and has been meticulously updated to provide modern, comfortable living spaces. This turnkey property is fully occupied with long-term tenants who are on year-long leases, ensuring immediate rental income. The tenants pay for their own utilities, making this an attractive, low-maintenance investment. The partially finished walk-out basement includes a shared laundry room for added convenience. Other highlights of this property include municipal water, private sewer, and proximity to the vibrant cities of Hudson, Chatham, and Kinderhook, with access to excellent amenities, dining, shopping, and entertainment. The property is in the Ichabod Crane School District. Whether you're an experienced investor or new to multifamily ownership, this well-maintained property is an excellent addition to any portfolio. Don't miss out on this rare opportunity in a highly desirable area!
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Our Executive Mortgage Banker:
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$525,000
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 | $420,000 | $420,000 | $420,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,830 | $2,791 | $3,542 |
Total Monthly Payment | $2,922 | $2,883 | $3,634 |
* 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.