Tuesday, July 14, 2015

Buyers! Affordable 2 Family, with large living space for new owners in Middle Village,NY.

Buyers!
61-03 69 place, Middle Village,NY11379
Two Family-Front 2 car Carport
Owners have 6 room duplex with 3 bedrooms, and 1 and a half baths.
Rental Income-3 room walk in apartment=$1,100.00
Steps to Eliot Avenue, Express buses to Manhattan, 2 regular bus lines, stores, & near P.S. 128 school.
NYC year 2015 Market Value=
Land market value$436,000$436,000
Building market value+$581,000+$428,000
Market value=$1,017,000=$864,000
Asking Price $850,000.00 REDUCED 08/17.15

Condition: Very Good
New Heating Unit, New Hot Water tank, New parquet floors, New Windows, New Roof.
6 Room duplex over 3 rooms. More square footage than a 2 family like a 5+5+basement.
Example: Purchase Price $850k
20% down payment
$680,000.00 mortgage at 4% -30 years(using higher rate for example purposes)
Monthly Payment    $3241.00
Taxes Monthly         $433.00
Sub total                $3,674.00
Less rental            $1,100.00
Net out of pocket   $2,574.00 Monthly

Different styles of 2 families. This one provides you with 3 bedrooms, 1.5 baths, rear terrace, private yard off living room, and absolutely no work or renovation expenses.
More square feet for a buyer to have than buying a 5+5+basement for living quarters.

 
Text your name and state if you are qualified, and we will try and get you in before the Open House*
Buy now when many buyers are on vacation.
Move in as soon as possible!
Call/ Text 1-347-837-9206 Jim Turano/Broker*Diverse Real Estate*