Welcome to this well maintained 3 family home in Westchester Square. This property presents an excellent investment opportunity or a flexible living option for a homeowner. The property features two 3 bedroom, 2 bathroom units on the second and third floors, along with a 2 bedroom, 2 bathroom unit on the first floor. Additionally, the fully finished basement includes an extra bedroom, a full bathroom, and private access to the spacious backyard, offering great potential for rental income or personal use with its own separate entrance. Each unit has its own separate meters and boilers, allowing tenants to pay their own utilities and reducing landlord responsibilities. The property is currently fully occupied but can be delivered partially or fully vacant, providing flexibility depending on your needs. The second and third floor units each offer 3 bedrooms and 2 bathrooms. These units boast comfortable layouts, ample natural light from large windows, and functional kitchens, making them ideal for tenants seeking modern, convenient living. The first floor unit features 2 bedrooms and 2 bathrooms, providing a cozy and efficient living space. The fully finished basement adds valuable extra living space with an additional bedroom and full bathroom, plus separate access to the spacious backyard. This area offers strong potential for rental income or can serve as private space for one of the units. The property also features a spacious backyard, perfect for outdoor relaxation or activities. Situated in a prime location with easy access to public transportation, shops, and restaurants, this home is well connected to everything Westchester Square has to offer. With separate utilities, strong rental income potential, and a prime location, this 3 family home is a fantastic opportunity. Whether you're looking for an income generating investment or a multi family home with versatility, this property is a must-see. Contact me today to schedule a private showing and explore all the possibilities this property has to offer.
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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 | $1,119,600 | $1,119,600 | $1,119,600 |
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 | $824 | $824 | $824 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,623 | $7,169 | $9,524 |
Total Monthly Payment | $7,572 | $8,118 | $10,473 |
* 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.