This waterfront 4-Plex offers the very best in beach island multi-family properties. Every unit has a great water view, and all are good-sized 1 bedroom / 1 bath units with tile floors in the living areas. In addition, each unit has a bright and cheery kitchen, a comfortable updated bathroom, and ample living space. The property has a large new dock, 60’ on the water with a large backyard and astroturf for low maintenance. The yard is fenced in for tenant’s privacy with room for outdoor living. This property is located down the street and within walking distance of the beach and world-famous John’s Pass Village, providing great entertainment and dining venues along with dockside water sports, and great shopping. Madeira Beach is the heart of some of Florida’s and the world’s finest beaches. The Tampa Bay area offers a great international airport, fine world-class museums, and professional sports franchises, and all still within close driving distance to the best theme parks in the world. A new roof in 2016, ample parking on site with space for 2 cars in tandem/unit, separate electric meters, central A/C in each unit, and great maintenance confirm a sound investment. Call for an appointment and more information.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,625,000
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 | $1,300,000 | $1,300,000 | $1,300,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $1,199 | $1,199 | $1,199 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,432 | $8,324 | $11,414 |
Total Monthly Payment | $9,756 | $9,648 | $12,738 |
* 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.