This is your opportunity to own a solid investment or to live in one unit and rent the other out. The 1st floor unit features 5 rooms, 4 bedrooms, and 1 full bath. The basement is partially finished. Included in this area is a laundry area, a recreation room, and a den. The den is currently being used as a bedroom. The rent is $2, 050/mo. The tenant pays their own utilities. The tenant has been there for 5 years. The 2nd floor unit features 5 rooms, 4 bedrooms, and 1 full bath. The attic is partially finished. Included in this area is 1 bedroom which has been included in the bedroom count. The rent is $2, 000/mo. The tenant pays their own utilities. The tenant has been there for 4 years. Both units are rented on a month to month basis. Both units are rented below market. Both tenants are willing to stay or move if needed. There are 2 gas on-demand heating boilers that are 4 years old each. There is plenty of off street parking for up to 8-10 vehicles. The property is in the IL-40 zone which stands for Light Industrial which includes all sorts of uses. Multi Family properties like this one in the IL-40 zone don't come along very often. So, act quickly before its gone.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 845.290.3871
Matthew.DeMaria@raveis.com
NMLS Mortgage Loan Originator ID 147983
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $460,000 | $460,000 | $460,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.204% | 7.159% | 6.256% |
Monthly Tax Payment | $464 | $464 | $464 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,022 | $3,057 | $3,879 |
Total Monthly Payment | $3,578 | $3,613 | $4,435 |
* 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.