Welcome to a rare opportunity to own a property loaded with versatility and consisting of two homes! Both have been completely and tastefully remodeled: The front unit is a 3Br/2Ba that feels much larger than the square footage indicates thanks to the well-designed floor plan and features such as a built-in bookshelf that doubles as a hidden door to the third bedroom. This home also has impact windows, quartz countertops, and newly installed sod and irrigation system! The back apartment is a spacious, fully furnished, 1Br/1. 5Ba that is currently generating approximately $25, 000-$30, 000/year in income but would also make the perfect in-law suite. This unit offers many high-end upgrades such as barn doors constructed by a local artist using century-old, reclaimed, Florida hardwood. Other unique touches include marble sinks, exposed wood beams, shiplap wood on kitchen bar, built-in drawers, and custom-made, integrated wood headboard with queen-size bed, versatile drop-down, a custom-made wood desk-in closet, his-and-her closets, and mini-split A/C, while the large, luxury shower boasts a pebble floor and 3-headed rain shower system. The two houses are separated by custom-built "quiet" fence each with their own private yards. The owner spared no expense as he remodeled both units all the way down to the drywall! This includes all new kitchens with stainless steel appliances, luxury vinyl flooring, and new washer/dryers. The current owner also built these to last with new roofs, plumbing, electrical, tankless water heaters, and windows making this the perfect turn-key property for whatever your needs are. Each unit even has separate meters for electric, water, and gas! Being located just outside Historic Kenwood puts you directly in between Downtown St. Pete and the world class beaches of St. Pete Beach! Thanks to the current zoning of CRT-1, you also have the opportunity to use the house as an office providing you another option to maximize your investment! So whether you are looking for an income producing property, a place for your extended family, or a property that offers the ideal combination of office space with living space, this place has it all! It must really be seen to appreciate so schedule your private tour 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 | $479,200 | $479,200 | $479,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.125% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.880% | 7.295% | 6.644% |
Monthly Tax Payment | $270 | $270 | $270 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,228 | $3,228 | $4,141 |
Total Monthly Payment | $3,590 | $3,590 | $4,503 |
* 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.