CASH COW! Fully vacant and ready to hand select your tenants! Discover a truly unique investment opportunity in the heart of Seminole Heights! Don't pay for your home, let your home pay for you! This charming 2-bedroom, 2-bathroom home spans 1, 254 square feet and is brimming with character, having stood the test of time for over 100 years. Enjoy mornings on the expansive front porch, complete with a cozy porch swing. Inside, you’ll find original hardwood floors, an oversized fireplace, two separate living areas, and a spacious dining room featuring a historic built-in hutch. The fully remodeled kitchen is a chef’s dream, boasting top-of-the-line stainless steel appliances, including a gas range, quartz countertops, a pot filler, and stunning stained glass windows. What truly sets this property apart is the fully finished 669-square-foot studio apartment in the basement—one of the very few homes in Tampa with this feature! Whether you choose to rent it out to help cover your mortgage or use it as an in-law suite, this basement apartment offers incredible flexibility. But that’s not all! The property also includes a detached duplex apartment building in the back, featuring two 1-bedroom, 1-bathroom units, each over 500 square feet. These units are ready to rent at $1, 200 per month $1, 500 per month, $1, 600 per month, and $2, 800 per month! providing a significant boost to your mortgage payments. The main home has seen numerous upgrades, including new plumbing in 2006 and a new main water line in 2008, new electric in 2006, a new roof in 2016, and restored original wood windows by a master carpenter in 2009. The duplex has also been well-maintained, with foundation work completed in 2005, a brand new roof over the duplex in May of 2024 the upstairs unit remodeled in 2020, central air and heat installed in 2022, and the downstairs unit remodeled in 2016. This property is a rare gem in a vibrant neighborhood, offering both historical charm and modern amenities. Don’t miss your chance to own a piece of Seminole Heights with incredible income potential! Home has also recently been tented and comes with a fully transferable warranty!
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:
$875,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $700,000 | $700,000 | $700,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.304% | 6.762% | 6.725% |
Monthly Tax Payment | $194 | $194 | $194 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,424 | $4,482 | $6,098 |
Total Monthly Payment | $4,710 | $4,768 | $6,384 |
* 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.