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Discover the perfect blend of comfort and convenience with this beautifully updated two-family residence in the heart of New Rochelle. This property presents a lucrative opportunity for savvy investors or those seeking a home with an income-producing advantage. The spacious first unit consists of a living room with high ceilings, eat-in kitchen, three well appointed bedrooms with large closets, a full bathroom, access to the backyard and the full basement with laundry, making it ideal for comfortable living or a high demand rental. The sunny, second unit is a thoughtfully designed duplex, featuring hardwood floors and recessed lighting throughout. The spacious and renovated kitchen features quartz countertops, dishwasher and built-in microwave, L-shaped living room, two bedrooms, full bathroom, and an adaptable bonus space that can serve as a home office, den, or guest room. This unit is equipped with a full sprinkler system. Storage is abundant with a full basement that can accommodate all your needs, from seasonal decorations to recreational gear. Step outside to the fenced backyard, a serene haven for outdoor entertainment, dining al fresco, or simply unwinding in the tranquility of your private outdoor space. Parking is never an issue with a generous driveway that can comfortably fit up to five vehicles, a rare find for this prime location. The property is just a short stroll from the New Rochelle Metro North station, making commuting a breeze. You’ll enjoy the proximity to New Rochelle’s vibrant downtown, with its array of restaurants, shops, and entertainment options. With low taxes and separate metering that allows for tenants to be responsible for their own gas and electric expenses, this turnkey investment property is not to be missed.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,100,000
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 | $880,000 | $880,000 | $880,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.739% | 6.183% |
Monthly Tax Payment | $1,032 | $1,032 | $1,032 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $4,997 | $5,635 | $7,426 |
Total Monthly Payment | $6,154 | $6,792 | $8,583 |
* 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.