2813 Lorraine STREET, Tampa, FL, 33614 | $450,000
Welcome to an exceptional investment opportunity located in a centrally located neighborhood! This versatile property, totaling 1599 sqft, offers a unique layout perfect for maximizing rental income. Split into two distinct sections, this property provides both a comfortable family home and a separate studio apartment, each with its own entry and amenities.
Main Residence
Size: Approximately 1100 sqft
Layout: 3 Bedrooms, 1 Bathroom
Features:
Outdoor Space: Enjoy a spacious patio and a refreshing pool, perfect for entertaining or relaxing on sunny days.
Living Area: Bright and open living spaces with modern finishes.
Kitchen: Fully equipped kitchen with updated appliances and ample storage.
Bedrooms: Three well-sized bedrooms with plenty of natural light.
Bathroom: Clean and contemporary design with modern fixtures.
Studio Apartment
Size: Approximately 499 sqft
Layout: Open-concept studio
Features:
Separate Entry: Private access ensures complete independence from the main house.
Parking: Dedicated parking spot for the studio apartment.
Living Area: Cozy and efficient space with a kitchenette and a comfortable living/sleeping area.
Bathroom: Full bathroom with modern amenities.
Financials
Gross Income (2023): $58, 000
Income Breakdown: Both units have been successfully rented short-term, providing a consistent and lucrative income stream.
Investment Potential
High Demand Location: Situated in a popular area, this property attracts tourists and short-term renters year-round.
Flexible Usage: Ideal for investors looking to maximize rental income or for owner-occupants wanting to live in one unit while renting out the other.
Proven Track Record: With a gross income of $58, 000 in 2023, this property has demonstrated strong earning potential.
Additional Information
Parking: Ample parking space for both units.
Utilities: Separate metering for ease of management.
Proximity: Close to local attractions, dining, shopping, and public transportation.
Don’t miss out on this rare investment opportunity! Whether you're an experienced investor or looking to enter the rental market, this property offers flexibility, strong income potential, and an attractive lifestyle for tenants.
Features
- Units: 2
- Lot Size: 67 x 111
- Laundry: Electric Dryer Hookup, Laundry Closet, Washer Hookup
- Year Built: 1960
- Heating: None
- Cooling: Central Air
- Approx Sq. Feet: 1,599
- Acreage: 0.17
- Lot Size: 67 x 111
- Est. Taxes: $5,913
- Elem. School: Egypt Lake-HB
- Middle School: Pierce-HB
- High School: Leto-HB
- Pool: In Ground, Screen Enclosure
- Pet Policy: Cats OK, Dogs OK
- MLS#: T3532846
- Days on Market: 5 days
- Website: https://www.raveis.com
/prop/T3532846/2813lorrainestreet_tampa_fl?source=qrflyer
Listing courtesy of LPT REALTY Phone: 877-366-2213
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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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
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
2813 Lorraine STREET, Tampa, FL, 33614
$450,000
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 | $360,000 | $360,000 | $360,000 |
| 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 | 7.867% | 7.282% | 6.623% |
| Monthly Tax Payment | $493 | $493 | $493 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,425 | $2,425 | $3,111 |
| Total Monthly Payment | $2,993 | $2,993 | $3,679 |
* 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