One or more photo(s) has been virtually staged. **Multi-Family Income Property in Prime Downtown New Port Richey Location** Welcome to an exceptional investment opportunity nestled in the heart of Downtown New Port Richey! This unique multi-family property boasts five income-producing units on a spacious . 52 acre lot. This is the perfect chance to live in the main home while renting out the other four units, allowing you to essentially live for free! Main Home Highlights: ** The main home features 2 bedrooms and 2 full bathrooms, a dedicated office space, an updated kitchen with granite countertops, a dual fireplace for cozy ambiance, an inside utility room, an expansive basement, and an inviting porch and courtyard pool. **Additional Units: ** Unit 2 offers 1 bedroom and 1 bathroom with an courtyard. Unit 3 is a studio with 1 bathroom. Unit 4 is a detached cottage featuring a large deck and rear alley access. Unit 5 is an efficiency unit currently listed as storage in Pasco County records. Please note that it is unknown if the efficiency was constructed with the necessary building permits **Important Note: ** Pasco County records indicate that the property has a remediated sinkhole. However, the engineering reports necessary for certain types of financing and insurance are currently unavailable. Located just moments away from downtown shops, parks, eateries, hospital, and the city recreation center, this property provides the best of urban living with a charming, small-town feel. Enjoy the convenience of riding your golf cart to local events at Simms Park or the annual Chasco Fiesta. With its desirable location and versatile living arrangements, this property promises an excellent return on investment. Don’t miss out on this rare opportunity – it's here today and could be gone tomorrow at this incredible price! Schedule your private showing now and seize this unparalleled investment before it's too late!
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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 | $287,920 | $287,920 | $287,920 |
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 | $1,082 | $1,082 | $1,082 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,989 | $1,940 | $2,449 |
Total Monthly Payment | $3,146 | $3,097 | $3,606 |
* 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.