Great Income Potential:
Discover the charm of this authentic Florida bungalow nestled in the highly sought-after Southwest St. Petersburg, mere minutes from the vibrant heart of downtown. This property combines historic charm with modern conveniences, making it an exceptional choice in a peaceful, established neighborhood. With three generously sized bedrooms featuring original hardwood floors this home radiates character and warmth, while the vintage bathroom has been lovingly maintained, enhancing its unique appeal.
The welcoming front porch is an ideal spot for enjoying your morning coffee or hosting delightful evening gatherings, while the lush tropical landscaping creates a paradise for gardening lovers. The gated backyard is a true gem, complete with two outdoor showers offering both hot and cold water, elevating your outdoor living experience. This property goes beyond being just a residence; it also offers incredible income potential with a separate self-contained mother-in-law suite and an additional apartment on-site, each with dedicated parking. Whether accommodating guests, family, or generating rental income, the possibilities are endless.
The sale includes an array of furnishings, from stylish bedroom and living room sets to a modern kitchen and stove equipped with a built-in air fryer, microwave, refrigerator, and four mounted, flat-screen TVs, along with a dining table and washer and dryer. Both apartments are also fully furnished and one has a great tenant already in place. Recent upgrades, including new A/C ductwork and returns in 2023, a new roof in 2022, a new hot water heater in 2019, A new refrigerator, stove, washer, and dryer in 2023, and so much more, all this ensures peace of mind. The owner has been lovingly upgrading this property for the past 6 years.
With downtown St. Petersburg's vibrant nightlife, diverse dining options, and cultural attractions just a stone's throw away, along with easy access to Tampa Bay and a nearby boat launch, this property represents an amazing opportunity not to be missed. Schedule an appointment today! This property will not last long!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$399,000
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 | $319,200 | $319,200 | $319,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 5.990% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.470% | 6.161% | 5.248% |
Monthly Tax Payment | $111 | $111 | $111 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,939 | $1,912 | $2,523 |
Total Monthly Payment | $2,125 | $2,098 | $2,709 |
* 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.