Lucrative investment opportunity located in the heart of Port Charlotte! This well maintained 3-unit property offers strong investment potential with the Opportunity to realize significant upside potential. Conveniently located within walking distance to hospitals, shopping, dining and only a short drive to all other Charlotte County amenities. The two first floor units each feature 2 bedrooms, a full bath with closet laundry hook ups, living room, dining area, nicely equipped kitchen, lanai, great closet space throughout and a 1 car garage. Additionally, they are equipped with central air, and water heater providing individualized comfort and control. The left unit has a screened lanai, and the right unit has a fully enclosed lanai with access to a large concrete patio in the fenced back yard. The second floor Studio apartment enjoys sunlight and views from three sides of the large main room. The kitchen features a breakfast bar and ample cabinet space. Additional features include a walk-in closet, full bath, laminate flooring, and an assigned parking space. The electric panels have all been updated, and Roof was replaced in 2022. Great first investment or to add to your portfolio! Currently fully leased so you can start earning right away.
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Our Executive Mortgage Banker:
Our Insurance Division:
$529,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $423,200 | $423,200 | $423,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $436 | $436 | $436 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,816 | $2,813 | $3,629 |
Total Monthly Payment | $3,344 | $3,341 | $4,157 |
* 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.