Fixer-Upper Investment Opportunity in Treasure Island, FL! Quad Plex four units!
This income-producing quadplex, just a short walk from Sunset Beach, has incredible potential! While the two bottom units need a full rehab due to flood and wind damage from recent storms, the top units require only minor repairs and can be rented out quickly. One of the downstairs units was previously an Airbnb, while the others were long-term rentals, making this a great opportunity to maximize rental income. With the right vision and renovations, this property can be transformed into a high-performing investment in a prime beachside location! Owner has an active real estate licensed.
134 86th TERRACE, Treasure Island, FL, 33706
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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