North Redington Beach Duplex Opportunity – Prime Location Near the Beach! Two Duplex’s - See MLS #TB8300101 Located just one block from the soft, sugar sands of the Gulf of Mexico, this duplex is the perfect investment or beachside living opportunity. Each unit features 2 bedrooms, 1 bath a shared 2-car garage. Light bright and airy with generously size living rooms, Separate electric meters. The combined total square footage of the property is nearly 2, 600, with a spacious lot measuring 80 x 100. An investor’s dream, the property can be combined with the adjacent duplex and potentially a third lot to create up to six buildable lots, ideal for townhome-style duplexes. North Redington Beach is a highly desirable community with underground utilities, tennis courts, a town park, and private beach parking exclusively for residents. Whether you choose to live in one unit and rent the other or redevelop for maximum return, this location offers endless potential!.
Don’t miss your chance to be steps from the pristine beaches and vibrant lifestyle of North Redington Beach! Note property sustained flooding during Hurricane Helene and is currently being remediated. Price reflects AS-IS.
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William Raveis Mortgage, LLC
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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 | $520,000 | $520,000 | $520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $573 | $573 | $573 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,460 | $3,456 | $4,459 |
Total Monthly Payment | $4,125 | $4,121 | $5,124 |
* 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.