Excellent Investment Opportunity: Two Single-Family Homes on One Lot. Possible CREATIVE FINANCING for qualified owner-occupants!
Discover a unique and lucrative investment opportunity with this exceptional property that offers two houses on one lot, perfect for multigenerational living or maximizing rental income. Each house comes with its own water meter, electric meter, and separate patio, providing unparalleled convenience and flexibility. The property boasts two fenced yards, perfect for privacy and outdoor enjoyment.
The main house, built in 2008, features a spacious split floor plan with a total of 1, 461 sq ft. This 3-bedroom, 2-bathroom home includes a large open living room great for entertaining. The primary bedroom/ensuite boasts a spacious walk-in closet. Situated on the back portion of the property for maximum privacy, it also features tile flooring, laminate flooring, and a 2-car garage. The open floor plan enhances the flow of the home, making it perfect for hosting gatherings and family activities. The main house also comes equipped with a washer and dryer for added convenience.
The guest house/second home, located at the front of the property, provides 854 square feet built in 1979. This 3-bedroom, 1-bathroom single-family home offers a versatile space that is perfect for rental income, multigenerational living, or as an in-law suite. With its own fenced yard, the guest house ensures privacy and a comfortable living space for tenants or family members. It also includes a washer and dryer, adding to the convenience and appeal of this additional living space.
Situated on a 0. 37-acre lot, this property comes with no Homeowners Association (HOA) restrictions, allowing for greater flexibility, including the accommodation of lettered trucks, RV's, etc. . . The parcel could potentially be subdivided into two separate properties, offering additional investment potential.
Located in a prime area, this property is just minutes from Tampa International Airport, making it ideal for frequent travelers. It offers easy access to downtown Tampa and Pinellas County, placing you close to a variety of shopping, dining, and entertainment options. The area also enjoys great neighborhood schools and many school-of-choice options. The Town 'n' Country area is rapidly increasing in value due to its proximity to all the growth Tampa is experiencing.
This property presents excellent rental opportunities with both houses, making it an ideal investment for those looking to maximize their return on investment. The location and features make this a highly desirable property for investors, multigenerational families, and homeowners alike.
Don’t miss out on this rare opportunity. Call today to schedule an appointment and explore the endless possibilities this property offers!
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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 | $510,320 | $510,320 | $510,320 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.125% | 5.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.490% | 6.297% | 5.597% |
Monthly Tax Payment | $682 | $682 | $682 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,226 | $3,101 | $4,136 |
Total Monthly Payment | $4,000 | $3,875 | $4,910 |
* 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.