Under contract-accepting backup offers. Check out this incredible property! TWO HOUSES AND A VACANT BUILDABLE LOT! AND TALK ABOUT LOCATION, LOCATION, LOCATION! This is a very unique property with all kinds of options for a homeowner or an investor. The front home has been lovingly restored and comes with a ton of Craftsman character. This home is sure to impress with the lovely front porch, perfect for rocking chairs, and gorgeous original hardwood floors, built-ins in the living room and dining room. The stunning kitchen is a real standout with the stainless steel appliances, vent hood, beautiful cabinetry, wood countertops and stylish tile backsplash and eat-in space. The bathroom has a large soaking tub and a separate shower. There is also a laundry closet with washer and dryer. The back house has also been renovated with an updated kitchen and bathroom, and has so much charm. Downstairs you will find a living room and an eat-in kitchen. Upstairs are three bedrooms and a bathroom. There is a large storage area that comes with the back house that has a washer and dryer for this unit. There is separate parking off the rear ally for this back house, which leaves the carport and the driveway in the front for the front house. Both of the units are currently rented at below-market rent prices. The vacant lot is buildable and can have two units built on it. Imagine the potential for profit with this additional buildable lot! You could build a dream home or two additional units for an even greater stream of income in the future. The location is fantastic. So close to downtown Clearwater with its restaurants, shopping, Coachman Park, The Sound and the Capital Theater, and Clearwater Beach which is consistently rated as one of the of the top beaches in the world. You can live in paradise and have an income stream all at the same. Call for your appointment today!
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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 | $479,920 | $479,920 | $479,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $486 | $486 | $486 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,233 | $3,190 | $4,047 |
Total Monthly Payment | $3,811 | $3,768 | $4,625 |
* 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.