Rare opportunity to purchase 6-Family compound comprised of two buildings (back: built in 1940, & Front: 1979) with 6 space car parking lot. Situated in the Village of Mt. Kisco. Family owned since it was built. Well maintained, fully rented with long term tenants, no leases (month/month). These Apts are free market rentals, not rent controlled. Tenants pay for heat & electric. Town water and sewer. Each unit has its own electric & gas meter with circuit breaker boxes in each unit. Walkways have heated snow melt system, no snow removal. Front building has 4, one bdrm units, Back building has 1, two brm & 1 one bdrm. Rents are under market price averaging $1. 260 per mo, total gross income $90, 600. Projected income for one bdrms is $1, 700 and 2bdrm $2, 000, total gross income $126, 000. Please ask for & view Investment worksheet for detailed information including cap rate.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,200,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $960,000 | $960,000 | $960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.820% | 6.723% | 6.284% |
Monthly Tax Payment | $2,336 | $2,336 | $2,336 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,679 | $6,147 | $8,166 |
Total Monthly Payment | $8,140 | $8,608 | $10,627 |
* 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.