ATTENTION INVESTORS - 4 bed/3bath Located only 2 mi from the heart of downtown Saint Pete/Ray's Stadium! This Duplex presents an 1181 sq foot 3/2 and a nearly 700 sq foot detached 1/1 with another 700 sq ft unfinished space for a potential third or FOURTH unit (already zoned for a quadplex)! The main house boasts a huge Spanish tiled front porch with a rattan fan leading you inside to a large formal living room centered with an original brick fireplace accented with marbled tile. The kitchen presents light shaker cabinets contrasted by dark granite counters with a high top seating area great for entertaining guests. There is an open concept dining room/kitchen combo with a large butler's pantry for a ton of storage. There are three bedrooms with large closets, and two full updated bathrooms. Fresh Luxury Vinyl Plank flooring and trendy tile accompanied by large baseboards to preserve the elegant character of the home. The 1/1 endures a sunroom area potentially used for a dining or second living room area, a large living room, and a bed room with a walk in closet. Both units have updated fixtures, fresh paint, brand new appliances, and large windows allowing a generous amount of natural lighting. This multifamily sits on a large lot tucked into a safe quiet residential neighborhood with plenty of on site parking, a high privacy fence, and room for outdoor amenities such as a fire pit, a garden, and/or outside dining. Close to parks, restaurants, and local shopping with a ton of new construction nearby allowing fast equity in your investment. House hack by living in one and renting out the other or maximize your cash flow by mid-term renting to traveling professionals that want to be close to downtown! Newer Roof, HVAC, electrical, and plumbing. All big ticket items updated making this an easy turn key investment! This home won't last long!
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Our Executive Mortgage Banker:
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$499,000
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 | $399,200 | $399,200 | $399,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $520 | $520 | $520 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,656 | $2,653 | $3,367 |
Total Monthly Payment | $3,251 | $3,248 | $3,962 |
* 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.