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Spacious 2-Family Home with Garage & Finished Basement in Olinville – 7 Bedrooms, 3 Bathrooms Welcome to this incredible two-family residence located in the heart of Olinville, a vibrant and well-connected neighborhood in the Bronx. This property is perfect for homeowners seeking rental income or investors looking for a high-potential, low-maintenance asset in a thriving area. Boasting an impressive 2, 320 square feet of building space, the versatility and size of this home ensure it meets a variety of needs and lifestyles. The house has two units. Inside, each unit is thoughtfully laid out, featuring generous living and dining areas with ample natural light. The bedrooms are well-sized, providing comfortable accommodations for families or tenants. The bathrooms are spacious and convenient, designed to handle the needs of modern living with ease. Adding to the home’s value is the fully finished basement, offering additional living space that can be used as a family room, home office, playroom, or guest suite. This area includes its own private entrance, enhancing privacy and making it ideal for extended family, recreational use, or even additional rental potential (check local zoning). Outside, enjoy the benefits of a private garage and driveway, a rare and valuable feature in this neighborhood. Private parking offers not only convenience but also security for multiple vehicles—an especially important amenity in a high-demand area like Olinville. Located just moments away from public transportation, schools, shopping centers, and parks, this home is nestled in a prime, commuter-friendly location. Whether you're headed to Manhattan or exploring the rest of the Bronx, you'll appreciate the easy access to subway lines, bus routes, and major roadways. Don't miss your chance to own a turn-key multi-family property with exceptional living space, private parking, and income-generating potential in one of the Bronx’s most desirable residential communities. Schedule your private showing today—this opportunity won’t last long!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,050,000
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 | $840,000 | $840,000 | $840,000 |
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 | $594 | $594 | $594 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $4,769 | $5,379 | $7,088 |
Total Monthly Payment | $5,488 | $6,098 | $7,807 |
* 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.