Double Down on Your Investment: Bradenton Duplex with Immediate Income and Growth Potential! This captivating duplex offers the perfect opportunity to secure your financial future with immediate income and exciting growth potential. This property has two separate units, currently leased month-to-month, generating a steady cash flow from day one. Beyond the immediate income, this duplex minimizes ongoing expenses. There are NO HOA fees to contend with, and the flood zone X designation ensures peace of mind from potential flood insurance costs. Furthermore, the property has undergone recent upgrades with a BRAND-NEW roof, a NEW water heater, and newer appliances in both units, reducing maintenance concerns and increasing tenant appeal. The flexibility this duplex offers caters to a variety of investment strategies. Live comfortably in one unit while generating income from the other, or maximize your return by renting out both units. The desirable location, just blocks from restaurants, schools, and Glazier-Gates & Lewis Park, ensures a steady stream of potential tenants seeking a convenient and comfortable living space. This Bradenton duplex presents a rare opportunity to acquire a stable income property with significant growth potential. Whether you're a seasoned investor seeking to expand your portfolio or an owner-occupant looking to offset housing costs, this property offers a compelling solution. Don't miss out on this chance to invest in your future – contact us today to schedule a showing!
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Our Executive Mortgage Banker:
Our Insurance Division:
$395,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $316,000 | $316,000 | $316,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $332 | $332 | $332 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,102 | $2,076 | $2,665 |
Total Monthly Payment | $2,509 | $2,483 | $3,072 |
* 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.