A beautiful Second Empire Victorian, located on a great block of Union St just across from the stately Courthouse Square, and a block away from thriving Warren St. The building was completely gut-renovated in 2020, and is in excellent condition and truly a turn-key investment. This is a unique opportunity to invest in thriving downtown Hudson, where high-quality apartments are in high demand and fetch impressive rents an Income and Expenses report is available upon request to serious buyers. The building includes (5) spacious and well appointed apartments, (4) one-bedrooms and (1) two-bedroom unit on the top floor. All units boast loft-like living, dining and kitchen areas, two bathrooms, and in-unit washer and dryers. Four of the units are fully occupied with excellent tenants who pay market rents, and one unit is operated as an Airbnb and would make a great owners unit. There is further development potential, with a huge carriage house that can deliver two additional apartments, or a fabulous Owner's home on the alley. Renovations have begun in the carriage house, with foundation and framing work complete. The sale included stamped plans which have been fully approved by the local planning and historic boards. This property offers a huge value to any savvy investor looking to buy a turn-key historic property on the best street in Hudson.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,595,000
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 | $1,276,000 | $1,276,000 | $1,276,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.751% | 6.309% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,345 | $8,170 | $10,854 |
Total Monthly Payment | $7,470 | $8,295 | $10,979 |
* 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.