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Under contract-accepting backup offers. Welcome to "The Spanish Triplex" in the highly sought-after Pass A Grille Beach area, just steps from pristine white sands and the turquoise waters of the Gulf of Mexico. This short-term rental income property (CITY APPROVED FOR NIGHTLY RENTALS) boasts 3 units with decades of excellent rental history of happy clients. Consisting of three separate renovated units, it is an ideal investment opportunity with the possibility to live in one and rent out the others. Inside, you'll find a blend of modern convenience and historic charm.
Each of the three units comes fully "turn-key" and features a private terrace, BBQ grille, fully renovated kitchen and bathroom, a washer and dryer, living room, and lots of windows for natural light. All 3 have extra sleeping space in the living room for guests. The property has been meticulously updated with hurricane windows and doors, upgraded plumbing and electrical systems, air conditioning, a tankless gas water heater, a new roof in 2023, and much more. The Spanish bungalow has a quaint coastal decor. Its ideal location offers easy access to the beach and is within walking distance to restaurants and boutique shopping. It is just minutes from downtown St. Petersburg with quick access to the interstate and 30 minutes to Tampa International. The separate entrances from the courtyard allow for everyone's privacy. Don't miss this opportunity to own a rare piece of beach history in this charming and vibrant beach town. Schedule a showing today and experience this unique income-producing property's allure and versatility.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,800,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,440,000 | $1,440,000 | $1,440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 7.014% | 7.082% |
Monthly Tax Payment | $982 | $982 | $982 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,702 | $9,460 | $12,843 |
Total Monthly Payment | $10,809 | $10,567 | $13,950 |
* 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.