St. Petersburg Investment Opportunity: Triplex This property must be sold in conjunction with neighboring single family home at 834 Jackson St N. Total Price for both properties combined is $899, 000 Discover an exceptional opportunity to own a versatile property portfolio in the vibrant city of St. Petersburg, Florida. 1040 9th Ave N, St. Petersburg, FL • Single-Family Home • Unit Mix: 3 Bed / 1 Bath • Size: 1, 350 Sq. Ft. This beautiful craftsman single-family home boasts a spacious 3-bedroom, 1-bath layout. With 1, 350 square feet of living space, the home features an inviting interior withan ideal mix of vintage charm and modern updates. The property also includes a large courtyard for outdoor activities, and gardening. 1044 9th Ave N, St. Petersburg, FL Duplex in Rear Unit 1: 1 Bed / 1 Bath, 506 Sq. Ft. Unit 2: 1 Bed / 1 Bath, 350 Sq. Ft. (1040 1/2 9th Ave N) Located behind to the single-family home, this duplex offers an incredible income-generating opportunity. Each unit is a 1-bedroom, 1-bath apartment 350 to 506 square feet plus garages.
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Our Executive Mortgage Banker:
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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 | $359,600 | $359,600 | $359,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $477 | $477 | $477 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,423 | $2,390 | $3,033 |
Total Monthly Payment | $2,975 | $2,942 | $3,585 |
* 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.