Constructed in 2021, this exceptional income-producing property is located in the highly desirable downtown Dunedin, Florida. The property comprises four two-story buildings, each featuring a loft-style unit with an open-concept floor plan, soaring ceilings, and private outdoor spaces, including porches, balconies, or patios. Each unit also includes a dedicated driveway with assigned parking. The property is complemented by an in-ground swimming pool surrounded by tropical landscaping, creating a private and tranquil atmosphere for residents or guests. Designed with functionality and aesthetics in mind, the units are fully furnished with modern décor and large windows that maximize natural light throughout the interior spaces. Strategically situated in the "Downtown Core" zoning district, the property benefits from zoning allowances for transient use and short-term rentals (less than 90 days, as defined by Dunedin regulations). Its location in a non-flood zone and proximity to Main Street, the waterfront, and an array of restaurants, breweries, shops, and local attractions enhance its appeal as a turnkey investment opportunity. This property offers an ideal combination of modern design, premium location, and revenue potential.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,299,000
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 | $1,839,200 | $1,839,200 | $1,839,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.876% | 6.830% |
Monthly Tax Payment | $2,359 | $2,359 | $2,359 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,777 | $11,929 | $16,148 |
Total Monthly Payment | $14,261 | $14,413 | $18,632 |
* 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.