Welcome to your charming slice of history just outside Gulfport, FL! This 3-bedroom, 1-bath home, built in 1925, is brimming with character and opportunity. The lot features a large backyard with double utility gate and alley access. With a detached in-law suite/income studio, outdoor shower, and a permitted 10x20 ft air-conditioned shed with running water, this property is perfect for buyers with vision. Recent updates include a new roof and AC in 2019 and new windows in 2020. However, please note that during a recent inspection, minor structural issues and related concerns were identified. Due to these findings, this property will require a cash or hard money, as it does not qualify for traditional financing. Inside, the kitchen is equipped with essential appliances, and the washer/dryer and sauna are included with the property. The detached in-law suite offers flexibility for guests, a home office, or potential rental income. While some cosmetic and structural updates are needed, the potential for transformation is undeniable. Situated in a burgeoning area ripe with growth opportunities, this historic gem offers a unique blend of vintage charm and modern potential. Don’t miss your chance to turn this diamond in the rough into a stunning investment. Schedule your showing today and bring your cash or hard money to make this Gulfport treasure your own!
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$225,000
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 | $180,000 | $180,000 | $180,000 |
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% | 6.802% | 5.990% |
Monthly Tax Payment | $205 | $205 | $205 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,167 | $1,153 | $1,495 |
Total Monthly Payment | $1,446 | $1,432 | $1,774 |
* 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.