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Exceptional Duplex Opportunity in St. Petersburg, Florida!
Welcome to this promising duplex, ideally situated in the heart of St. Petersburg, Florida. This unique property offers a blend of immediate income potential and fantastic investment opportunities, making it a perfect choice for both house hackers and savvy investors.
Front House: The front unit is a charming and well-maintained home, currently rented to reliable tenant on a month to month basis. This 1-bedroom, 1-bathroom residence features a cozy living space with plenty of natural light.
The inviting front porch and well-kept landscaping add to the property's curb appeal, ensuring a steady rental income stream from day one.
Back House: The back unit, while in need of some repairs, holds incredible potential. This 3-bedroom, 1-bathroom home offers a blank canvas for your creative vision. With a some TLC, this space can be transformed into a modern and attractive rental unit or a perfect living space for an owner-occupant looking to house hack. The spacious backyard provides ample room for outdoor activities, gardening, or even the addition of a patio or deck.
Investment Potential: This duplex is a golden opportunity for those looking to maximize their investment. The front house's rental income can help offset the cost of repairs for the back unit, allowing for a more manageable renovation process. Once renovated, the back house can be lived in or generate additional rental income, significantly increasing the overall return on investment.
Location: Situated in a desirable St. Petersburg neighborhood, this property is conveniently close to local amenities, parks, schools, and vibrant downtown attractions. Enjoy easy access to shopping, dining, entertainment, and the beautiful Gulf beaches, all within a short drive.
Don't miss out on this exceptional opportunity to own a duplex in one of St. Petersburg's sought-after areas. Whether you're an investor looking to expand your portfolio or a homeowner seeking a property with income potential, this duplex is a must-see!
Contact us today to schedule a viewing and explore the endless possibilities this property has to offer!
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Our Executive Mortgage Banker:
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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 | $220,000 | $220,000 | $220,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.867% | 7.159% | 6.538% |
Monthly Tax Payment | $407 | $407 | $407 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,482 | $1,462 | $1,886 |
Total Monthly Payment | $1,964 | $1,944 | $2,368 |
* 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.