Welcome to this exceptional opportunity to live and invest in one of European Village's rare Penthouse condos! With stunning views, this move-in ready, furnished property offers a unique and lucrative arrangement: presenting the A side and the B side, an ideal setup for investors. Tailor-made for both short-term and long-term rentals. This property is currently rented as 2 Airbnbs with estimated rental income: $1700-$2000/ month (A side) & $1400/month (B side. )
What sets this property apart is its coveted layout, providing extra space and comfort. The A-side features a distinctive layout with two bedrooms. The first bedroom boasts a spa-like bathroom with a large soaking bathtub, seamlessly flowing into a spacious kitchen, a cozy seating area, and a dining area. The second bedroom offers an open concept design with a walk-in closet, further enhancing the charm of this unit. Meanwhile, the B-side provides a comfortable bedroom, a bathroom with a shower, a convenient kitchenette, and another cozy seating area and dining area.
Both units share a washer and dryer, boast high loft-like ceilings, private entrances, and balconies; offering exclusive access to captivating views of the courtyard. Imagine starting your day savoring your morning coffee while soaking in the serene ambiance. Plus, you'll have easy access to nearby restaurants, bars, boutiques, and the Sunday Farmer's Market, all just an elevator ride away. St. Joe's Walkway is across the street. And with the beach & Palm Harbor Golf CLub only a quick 5-minute drive away, you'll truly experience the best of coastal living.
Recent upgrades including a new roof, new paint, luxury vinyl plank flooring, water heater, and new balcony rails add to the appeal and value of this property, ensuring a hassle-free living experience. Also, Spectrum Cable & Internet are included in the Association amenities.
Opportunities abound with this property – whether you opt to reside in one unit while renting out the other or capitalize solely on rental income, the possibilities are endless. Don't miss out on this chance to turn your investment aspirations into reality. Contact us today to secure your slice of this lucrative opportunity!
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $260,000 | $260,000 | $260,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.867% | 7.159% | 6.538% |
Monthly Tax Payment | $295 | $295 | $295 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,752 | $1,728 | $2,229 |
Total Monthly Payment | $2,122 | $2,098 | $2,599 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.