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3408 River Cove DRIVE, Tampa, FL, 33614 | $486,000
Under contract-accepting backup offers. Welcome to your next investment opportunity in the heart of Tampa! This property is truly a gem waiting to be discovered, offering a unique blend of space, convenience, and potential income generation.
Upon arrival, you'll immediately notice the charm and character of this must-see property. Situated on a large lot, this home boasts not one, but two separate units, each with its own independent electrical meter. This feature provides incredible flexibility for the new owner, allowing the option to lease out one unit for additional income while residing in the other.
The main house is a spacious 3-bedroom, 2-bathroom residence spanning over 1200 square feet of heated living space. Featuring a layout designed for both comfort and functionality, the main floor hosts two bedrooms, a well-appointed kitchen, a welcoming living room, and a cozy family room. Upstairs, the expansive master bedroom awaits, offering a private retreat from the hustle and bustle below.
Nestled in the backyard is a second building, complete with a fully remodeled 1-bedroom, 1-bathroom apartment spanning approximately 500 square feet. This self-contained unit includes its own living area and kitchen, providing ample space and privacy for guests or potential tenants.
Both units have been meticulously remodeled to appeal to even the most discerning tastes, showcasing modern finishes and thoughtful design touches throughout. Additionally, the current owner has maximized the property's potential by utilizing the space for RV parking, offering yet another income-generating opportunity.
With no HOA or CDDs to contend with, and positioned in a prime location, this property presents a fantastic investment opportunity. Whether you're looking to expand your rental portfolio or seeking a multi-generational living solution, this property offers endless possibilities. Don't miss out on the chance to own one of the last remaining gems in this sought-after neighborhood – schedule your showing today!
Features
- Rooms: 7
- Bedrooms: 3
- Baths: 2 full
- Laundry: Other
- Year Built: 1956
- Garage: Driveway, Open, Oversized
- Heating: Central, Wall Units / Window Unit
- Cooling: Central Air, Wall/Window Unit(s)
- Approx Sq. Feet: 1,202
- Acreage: 0.21
- Est. Taxes: $1,940
- Appliances: Other
- MLS#: U8233716
- Days on Market: 181 days
- Website: https://www.raveis.com
/prop/U8233716/3408rivercovedrive_tampa_fl?source=qrflyer
Listing courtesy of Dalton Wade, Inc. Phone: 888-668-8283
William Raveis Family of Services
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.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
3408 River Cove DRIVE, Tampa, FL, 33614
$486,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
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 | $388,800 | $388,800 | $388,800 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
| Monthly Tax Payment | $162 | $162 | $162 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,587 | $2,584 | $3,279 |
| Total Monthly Payment | $2,824 | $2,821 | $3,516 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388