$25,000 Down Payment - Fantastic Home with Income Apts

                3 Family Income Producer   

                 LIVE ALMOST RENT FREE  

Back Story  

We’ve owned this house for 24 years and decided it time to move on.  We purchased this house as an investment and have operated it as such.  Current priorities bring us to the decision that now would be a good time to move on if we can find the right buyer. 

Income Production & Equity Building

We’d be lying if we said you can live 100% rent free, but it would be completely accurate to say that rents collected from this 3 family home can make a nice dent in your monthly nut while helping to build long term equity.  You and your family live in the 3 bedroom unit while enjoying the rental income from two 1 bedroom units.

Collected Rents Can Either:

Pay your utilities

Pay your Real Estate Taxes

Pay a portion of your mortgage

Reduce your overall housing costs

Building Condition

All three units have undergone extensive renovations in the past 4-5 years.  New bath rooms, new ceilings, walls, paint, doors and insulation. Did I mention New Windows and a Skylight?

Wood Floors have all stripped, sanded and refinished.  New bathroom flooring!  Completely refreshed and updated Kitchens.  A new steam/hot water boiler and chimney liner were installed in 2007/08.

Extensive renovations ensure buyer (and seller) a relatively hassle free living/owning experience.

Apartment # 1’s bedroom and bath are completely brand new. That is to say built from the ground up.

Other Income

On Site income producing laundry room helps defray common area electricity costs.

There is also and onsite “out” building used for storage, but with potential to convert.  Zoning permits this building to be used as a commercial business of building owner.

If you’re handy, have tools and a few months of Sundays this outbuilding can yield you a bonus.

Parking

There is a 2/3 car Park/Driveway (why do we park in driveway and drive on parkways?) on the property.  There is street parking in front of the building with added potential for adding blacktop in front of out building.

Location

Location: Village Of Jeffersonville, in the Town of Callicoon, County of Sullivan in the State of New York,

Schools

School District: Sullivan County West

Purchase & Financing

With $25,000 down the owner will hold 30 year self-amortizing mortgage with monthly payments of approximately $1200.00! WOW!

Taxes: $3500.00 Approximate Annual

Lot Size: 115’ x 75’

Bids & Offers

Interested Buyers should send expressions of interest along with any questions.  Please permit 24/48 hours time for responses.

Photos

I’ll admit this photo presentation is not the greatest but will give you a good idea of the value attended this offering.  Unit # 3 is owners unit.

 http://picasaweb.google.com/102622151290044567463/3FreeFamilyForSale?authkey=Gv1sRgCMuxwuSQtIaeKQ&feat=email #

Lean About More Jeffersonville Here:

http://www.jeffersonvilleny.com/

Google Maps:

http://maps.google.com/maps?f=q&hl=en&geocode=&q=16+center+street+Jeffersonville,+NY,+United+States+of+America&sll=41.780569,-74.935287&sspn=0.385559,0.63858&ie=UTF8&ll=41.780529,-74.936371&spn=0.771115,1.277161&z=10&iwloc=addr

The owner will consider a 1031 tax free exchange and/or a swap of comparable value.