**Investment Opportunity: Multifamily Property with Three Distinct Living Spaces**
Discover a remarkable multifamily offering featuring three separate living spaces, perfect for generating rental income. This property includes two units, each boasting 2 bedrooms and 2 bathrooms, along with a third unit featuring a cozy 1-bedroom, 1-bathroom layout. With a total living area of under 3, 000 square feet, each unit is equipped with in-unit washer and dryer, providing convenience and comfort.
Situated on a spacious corner lot, this two-story concrete block building offers added flexibility and ample parking. The property is located in an X zone, ensuring no flood insurance is required due to its elevated grounds.
Key Features:
- **Location: ** Just 22 minutes from Fort Myers International Airport and under 3 miles (approximately 7 minutes) to Bonita Beach. Minutes away from vibrant Naples, and within walking distance to restaurants and shopping. Enjoy biking to the beach for a fun day in the sun!
- **Remodeled Excellence: ** This completely renovated property features brand new kitchens with modern appliances, stunning new bathrooms, and new plumbing and electrical systems. Enjoy the comfort of LED lighting and new fixtures throughout.
- **Outdoor Space: ** The huge lot provides ample room for a potential pool or additional building. Relax on the screened lanais, or utilize the included patio shed for extra storage.
- **Quality Upgrades: ** The property is enhanced with new impact doors and windows, new drywall, fresh paint, and elegant porcelain tile flooring. A brand new roof was installed in 2023, with new gutters, fascia, soffits and a durable 6-foot dura-fence surrounding the property for added privacy.
This fully remodeled property is a fantastic investment opportunity that combines modern living with ideal location. Don’t miss out on this chance to own a versatile property that’s ready for rental income or multi-generational living!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,100,000
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 | $880,000 | $880,000 | $880,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.406% | 6.864% | 7.058% |
Monthly Tax Payment | $270 | $270 | $270 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,708 | $5,708 | $7,787 |
Total Monthly Payment | $6,103 | $6,103 | $8,182 |
* 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.