Welcome to your dream investment opportunity in Madeira Beach! Nestled in this charming coastal town this unique boutique vacation rental presents a 4-plex of unparalleled allure. Each of the four units boasts two bedrooms and one bath providing ample space and comfort for guests seeking a serene retreat by the sea. Experience the modern conveniences as the entire building underwent comprehensive updates in 2016 and 2017. No detail was spared ensuring utmost functionality and aesthetic appeal with all electrical and plumbing systems revamped. A newer roof and HVAC system gives year-round comfort while the freshly painted exterior and beautifully landscaped surroundings provide beautiful curb appeal. There's a washer and dryer available for tenants to use on the lower level. Other amenities include a grill and a Charming Tiki Hut with ample seating in the back providing the perfect setting for alfresco gatherings and sunset cocktails. The azure waters of the Gulf of Mexico are just across the street offering instant access to pristine beaches. This 4-plex is conveniently located to shops, restaurants, and exciting Beach and boating activities. NO RESTRICTIONS on rental duration makes this property a lucrative opportunity for savvy Investors, or those in need of a 1031 exchange seeking to capitalize on the high demand for vacation rentals in this sought after Locale. Don't miss out on this opportunity to own a profitable venture in this thriving vacation destination.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,449,000
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 | $1,159,200 | $1,159,200 | $1,159,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.250% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.371% | 6.372% | 6.182% |
Monthly Tax Payment | $917 | $917 | $917 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,137 | $7,137 | $9,782 |
Total Monthly Payment | $8,179 | $8,179 | $10,824 |
* 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.