44 Blum St

BRAND NEW CONTEMPORARY STYLE 2-FAMILY HOME. GROUND FLOOR: 2-CAR BUILT IN GARAGE IN FRONT, REC ROOM, BEDROOM, TV ROOM, AND HALF BATH IN REAR. SECOND FLOOR: 3 BEDROOM/2 BATHROOM APARTMENT. THIRD FLOOR: 3 BEDROOM/2 BATHROOM APARTMENT. CENTRAL AIR CONDITIONING/FORCED AIR HEAT THROUGHOUT. HARDWOOD AND CERAMIC TILE FLOORS THROUGHOUT. THE HIGHEST IN QUALITY MATERIALS AND CONSTRUCTION CRAFTSMANSHIP. HOME IS ELIGIBLE FOR 5 YEAR PROPERTY TAX ABATEMENT. RESTRICTIONS APPLY: BUYER MUST LIVE IN HOME FOR 10 YEARS AND CANNOT REFINANCE INITIAL MORTGAGE OR BORROW AGAINST HOME FOR 5 YEARS. FOR 10 YEARS RENTAL UNIT MUST BE RESERVED FOR A TENANT(S) THAT MEETS MODERATE INCOME REQUIREMENTS - THIS MEANS ANNUAL INCOME OF 80% OR LESS OF THE AREA MEDIAN INCOME, WHICH IS CURRENTLY $116,300. OTHER RESTRICTIONS MAY APPLY AND WILL DISCLOSED DURING ATTORNEY REVIEW PERIOD. BUYER(S) MUST AGREE TO THESE TERMS IN WRITING AT TIME OF CLOSING. THESE TERMS WILL ALSO BE INCLUDED IN A DEED RESTRICTION THAT WILL LAST FOR A TERM OF 10 YEARS.