Great opportunity to own an updated turnkey duplex with 2 identical fully leased units that have 2 beds and 1 bath, 832 sq. ft with an additional exterior laundry room for both units. Both units have two parking spaces. There have been significant updates made which include a full roof replacement in 2015, new electrical water heaters in 2019, new HVAC units in 2021 and insulation in attic redone in Unit B in 2023. Unit A has new flooring throughout, a new fridge, a newer oven and hood, new hardware and finishes (all the lights, fans, sink, outlet covers, light switches, a/c vents, towel racks, bathroom mirror, etc. ), new blinds in all the rooms, closet doors, new interior doors, the entire interior and exterior painted. Unit B also has new flooring, a new fridge and dishwasher, a newer oven and hood, new hardware and finishes (all the lights, fans, sink, outlet covers, light switches, a/c vents, towel racks, bathroom mirror, etc. ), closet doors, new blinds in all the rooms, new shelving in the closets, a smart lock, complete bathroom remodel, the entire interior and exterior painted, addition of fence, pavers and patio in the backyard. Unit B also had the laundry room painted, along with new shelving and light fixture installed. The property is not in a flood zone and no flood insurance is required! Come and take a look at this fantastic turnkey income producing property in a great location within a short drive to Clearwater, St. Petersburg, beaches and Tampa!
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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 | $348,000 | $348,000 | $348,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $370 | $370 | $370 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,404 | $2,345 | $2,960 |
Total Monthly Payment | $2,849 | $2,790 | $3,405 |
* 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.