ATTN INVESTORS - INDIAN ROCKS BEACH 4 UNIT BUILDING! LESS THAN $250K/unit ---ONLY 2 BLOCKS TO SAND! GREAT INVESTMENT OPPORTUNITY! ***ALL UNITS are IDEAL SIZE for vacation rental business - 2 bedrooms, 1 bath, 765 square feet, great floorplan, many new updates! UPDATES: new metal roof 2017, some units feature new hot water heater, new AC, new fridge, dishwasher. MAJOR new landscaping design just completed! See attached list of upgrades & FAQs. Each unit has 2 parking spaces (tandem) and 2 guest spaces tandem parking. POOL sized lot has lots of room on west side of the property for pool, hot tub, gazebo, tiki huts - check with City of IRB for permitting requirements. Highly desirable location, concrete building with over 20 years steady rental income! HURRICANE HELENE flooded apt 1 and 2 and laundry room. ALL professionally remediated. Ready for new owner’s tastes. NO damages from Hurricane Milton super winds - very strong, safe bldg and roof proven!
APT 3 & 4 on 2nd floor currently rented at below market rent due to being listed for sale/showings. Live in one apt and rent out others! SHORT TERM RENTALS ALLOWED. ADJACENT northside duplex property for sale as well. Great chance to have a fantastic vacation resort. Unlimited opportunities and income for the right beach loving owner! Located within walking distance to local restaurants, attractions. EASY, convenient access to the beautiful Gulf beaches via 27th Ave beach access, perfectly situated for both leisure and ease of commuting. IRB is golf cart friendly. Many options with this unique property as a primary residence, 2nd home getaway with short term rentals (STR) - NO minimum nightly rental in IRB. AIRDNA estimates $247K gross rent as a STR. Don't let this promising investment opportunity get away! ***DO NOT DISTURB TENANTS IN APT 3 & 4 ONLY***
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Our Executive Mortgage Banker:
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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 | $796,400 | $796,400 | $796,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.235% | 6.723% | 6.826% |
Monthly Tax Payment | $1,077 | $1,077 | $1,077 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,165 | $5,099 | $6,992 |
Total Monthly Payment | $6,334 | $6,268 | $8,161 |
* 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.