128 178th AVENUE W, Redington Shores, FL, 33708 | $1,180,000

These two side-by-side beach cottages are located in the coveted Commercial Tourist Facilities (CTF) zone of Redington Shores, allowing for short-term vacation rentals. Each dwelling has 2 bedrooms and 1 bathroom that are turnkey for a new owner. These homes are located just West of Gulf Blvd and are less than 250 feet from the beach on the Gulf of Mexico. The roofs and A/C units on each building have been replaced in recent years and will allow a Buyer to seamlessly take over and begin to generate income right away. The possibilities are endless with this one-of-a-kind opportunity to own multiple income producing properties in a flourishing beach side community.

Features

  • Bedrooms: 4
  • Units: 2
  • Lot Size: 75 x 60
  • Laundry: Other
  • Year Built: 1949
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,550
  • Acreage: 0.1
  • Lot Size: 75 x 60
  • Est. Taxes: $2,336
  • Elem. School: Bauder Elementary-PN
  • Middle School: Seminole Middle-PN
  • High School: Seminole High-PN
  • MLS#: U8250432
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/U8250432/128178thavenuew_redingtonshores_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 9/19/2024 5:47:14 PM)
Listing courtesy of ENGEL & VOLKERS ST. PETE   Phone: 727-295-0000

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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128 178th AVENUE W, Redington Shores, FL, 33708

$1,180,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $944,000 $944,000 $944,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.125% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.443% 6.258% 6.201%
Monthly Tax Payment $195 $195 $195
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,736 $5,736 $7,966
Total Monthly Payment $6,056 $6,056 $8,286

* 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.