Exceptional Opportunity for Airbnb Owners, Investors, and Business Owners. Discover this expansive property featuring three ready-to-rent apartments—two studios and one full apartment—each with private entrances, kitchenettes, full baths, and large closets. The main home offers 4 bedrooms, 2 full baths, and 2 half baths. Located in unincorporated Pinellas County on a generous . 40-acre lot, the property is certified by FEMA as an X flood zone and provides parking for up to 10 vehicles, making it an ideal candidate for generating rental income. The property is enhanced with many additional features, including a 200-amp main electric service with sub panels, a 12-ton, 5-zone AC system, robust 10-inch-thick steel-reinforced concrete interior walls, double truss layouts for structural integrity, double insulated doors and windows, hurricane shutters, and five paved, fenced-in, lockable storage areas. Additionally, a 12-foot tall, storm-built outbuilding equipped with 240 and 110 outlets offers further potential for commercial activities. With R3 residential zoning, the current owner has successfully operated a construction business from the main home while renting the three apartments to tenants. This property’s immense value and boundless potential are difficult to convey in words alone. Schedule an appointment to explore this unique opportunity before it’s gone. The seller is highly motivated and open to all offers!
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Our Executive Mortgage Banker:
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$899,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $719,200 | $719,200 | $719,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $245 | $245 | $245 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,605 | $4,605 | $6,315 |
Total Monthly Payment | $4,942 | $4,942 | $6,652 |
* 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.