Income-Generating Duplex for Sale in Desirable Largo, FL
Investors, take note! This well-maintained duplex in the heart of Largo, Florida, offers a fantastic opportunity to own a fully-rented property in a quiet, established neighborhood. Both units are currently leased, providing immediate rental income and the potential for long-term cash flow.
Property Features:
Fully Rented: Both 2-bedroom, 1-bathroom units are currently leased with reliable tenants, ensuring steady rental income from day one.
Well-Maintained: Both units feature updated flooring, fresh paint, and functional kitchens, making them move-in ready and easy to manage.
Prime Location: Situated in a peaceful residential area, this duplex is close to major roadways, shopping, dining, schools, and just a short drive from the Gulf beaches.
Low Maintenance: With long-term tenants in place, this property offers a low-maintenance investment with minimal turnover and management.
Ample Parking: Each unit has its own parking space, with additional parking available for guests.
Spacious Outdoors: Both units enjoy access to a large backyard, providing plenty of room for outdoor enjoyment.
This turnkey duplex is perfect for investors seeking a solid addition to their portfolio, offering consistent income and minimal hassle. The location in Largo, a growing and desirable area, makes it even more appealing for both current and future tenants.
Don’t miss this opportunity! Contact us today for more details or to schedule a private showing. Please note: this is one of 4 units for sale by the owner: 914, 926, 1001, and 1005 Lake Palms!
Seller would prefer to sell all of her duplexes as a package: TB8324930, TB8324881, TB8324870, TB8324856, TB8324819
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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 | $361,200 | $361,200 | $361,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.352% | 7.042% | 6.160% |
Monthly Tax Payment | $334 | $334 | $334 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,373 | $2,373 | $3,024 |
Total Monthly Payment | $2,782 | $2,782 | $3,433 |
* 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.