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RARE OPPORTUNITY! Nearly 1600 SQFT DUPLEX nestled on a peaceful residential street JUST STEPS FROM THE GULFPORT BEACH & WATERFRONT BUSINESS DISTRICT. With EACH UNIT BOASTING 2 BEDROOMS, 1 BATH & ITS OWN PRIVATE OUTDOOR SPACE this unique property in an UNPARALLELED LOCATION is perfect for investors, house-hackers, or those seeking a multi-generational living space. Both units feature UPDATED KITCHENS, BATHROOMS & TILE FLOORING THROUGHOUT. Residents and renters alike will benefit from NEW & UPGRADED ELECTRIC PANELS INSTALLED IN 2024, ROOF IN 2017, and new HVAC in Unit A in 2019. The shared storage room is accessible from the exterior and outfitted with a washer/dryer hook up. What truly sets this property apart is the UNRIVALED LOCATION BOLSTERED BY THE VIBRANT COASTAL COMMUNITY ATMOSPHERE UNIQUE TO GULFPORT. Best known for its small-town-feel, artsy vibe, and friendly, laidback atmosphere, Gulfport features a delightful downtown area along Boca Ciega Bay, featuring waterfront restaurants with live music, weekly outdoor markets, charming boutiques and coffee shops — ALL OF WHICH WILL BE MERE STEPS FROM YOUR FRONT DOOR. Whether you capitalize on the HIGHLY DESIRABLE, PRIME LOCATION and rent both units at premium rates, or offset your living expenses by living in one unit and renting the other or by investing with family/friends and occupying both units this property will pay dividends to both your bank account and your quality of life. Additionally, you can take advantage of the investment potential of the property today while securing the perfect lot to build the multi-story single family home of your dreams overlooking Boca Ciega Bay tomorrow! Don’t waste another minute - INVEST IN YOUR FUTURE BY THE BAY TODAY!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$599,000
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 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% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.867% | 7.159% | 6.538% |
Monthly Tax Payment | $414 | $414 | $414 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,228 | $3,185 | $4,109 |
Total Monthly Payment | $3,734 | $3,691 | $4,615 |
* 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.