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5848 Elm Avenue S, Millerton, NY, 12546 | $349,000
4 family unique-not many in area. Income flow justifies any improvements needed over time. All units now occupied with new bath added to lower floor apt. Tenants pay and take care of snow removal. Room for off street parking for one car per unitOwner pays hot water (approx $800 per year ) garbage removal, insurance- general maintUnits needs some improvements but has functioned as a rental unit for 26 plus years5 elect meters tenants pay electric and heatClose to village stores and rail trailRentals as follows- first floor shared apt brings in a total of $1800 mo with two one br areas- two full baths kitchen with second shared unit using hot plate area for cooking in front of first floor-/div>Second floor- one studio apt with lr br combo shower and hot plate kitchen area with small refrigerator at $500 per month In addition second floor unit has 1 br apt with full bath and kitchen at $1, 000 per monthThird floor 1 br with lr area as well as full bath Eik kitchen area at $1000 per monthOwner pays approx $1800 year for insuranceSeptic has recently been cleaned out- there are three 1200 gallon cess pool areas with small drain field-;Taxes. Are just over $6500 per year including second included parcel ( main house on one tax bill and adjoining tax parcel on another included in sale)Owner pays garbage removal approx $900 year, owner cuts grass in season- tenants pay for snow removal Note: tenants are untidy!
Features
- Bedrooms: 5
- Baths: 4 full
- Units: 4
- Year Built: 1910
- Heating: Electric
- Basement: Concrete,Partial,Unfinished,Walkout,Storage Space
- Approx Sq. Feet: 2,734
- Acreage: 0.23
- School District: Webutuck
- MLS#: 156324
- Days on Market: 50 days
- Website: https://www.raveis.com
/prop/156324/5848elmavenues_millerton_ny?source=qrflyer
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.DeFlorio@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
5848 Elm Avenue S, Millerton, NY, 12546
$349,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah DeFlorio
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 | $279,200 | $279,200 | $279,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.995% | 7.050% | 6.132% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,742 | $1,834 | $2,337 |
| Total Monthly Payment | $1,817 | $1,909 | $2,412 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535