Opportunity to purchase at a fraction of pre-storm value. Damaged drywall has been removed. This property previously existed as a lucrative air-bnb in the heart of Indian Rocks Beach. FEMA letter attached; property may need to be elevated to be restored, or appeal options may allow restoration without elevation. Original write-up below.
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Extraordinary investment opportunity! Welcome to a fully-furnished, turnkey duplex in the heart of Indian Rocks Beach. This exceptional property, consisting of two beautifully updated units, offers a luxurious and comfortable living experience along with significant income potential just steps from the Gulf of Mexico. The first unit features three bedrooms and two bathrooms, providing ample space for families or groups. The spacious living area flows seamlessly into a fully functional kitchen, equipped with many new appliances. A dedicated laundry area includes a washer and dryer for added convenience.
The second unit, with its two bedrooms and one bathroom, offers a cozy yet well-appointed living space. Like the first unit, it boasts a fully functional kitchen with new appliances and a laundry shed complete with a washer and dryer. Both units are designed to maximize comfort and convenience, making them ideal for both short-term and long-term rentals. They have both been updated with newer plumbing and electrical fixtures, water heaters, and have newer air conditioners (2021) as well. The oversized driveway shared by both units has been redone with gorgeous brand-new pavers.
Each unit also offers its own private outdoor spaces, including pergolas perfect for relaxing or entertaining, and dedicated fire pit areas for evening gatherings. The first unit has private access to a beautiful, oversized back yard with plenty of room for a pool and lots of relaxation. The property features a storage shed and is surrounded by professional landscaping, all enclosed by a newer vinyl fence for added privacy and security.
Living in Indian Rocks Beach comes with a host of benefits. This charming coastal town is known for its beautiful, pristine beaches and a welcoming, laid-back atmosphere. Residents enjoy a variety of outdoor activities, from boating and fishing to paddleboarding and beachcombing. The community is friendly and tight-knit, offering a range of local restaurants, shops, nightlife, and events that create a vibrant, small-town feel. With its convenient location near larger cities like Clearwater and St. Petersburg, Indian Rocks Beach provides the perfect balance of tranquility and accessibility. You’re just two blocks from the sandy beaches of the Gulf of Mexico and yet only 35 minutes to Tampa International Airport.
This turnkey duplex is more than just a home; it's an investment in a lifestyle. Whether you're looking to generate rental income or enjoy the best of beachside living, this property in Indian Rocks Beach offers an unparalleled opportunity. Don't miss your chance to own a piece of paradise in this idyllic coastal town. Schedule a showing today and live your dreams in Florida tomorrow.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $600,000 | $600,000 | $600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
Monthly Tax Payment | $973 | $973 | $973 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,892 | $3,842 | $4,982 |
Total Monthly Payment | $4,957 | $4,907 | $6,047 |
* 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.