Unique Investment Opportunity: Very large duplex almost 3, 500 sq ft for Sale in North St. Petersburg, FL presenting a rare and lucrative investment opportunity! This property was completely remodeled in 2020 and more living space added. Now the duplex offers 2 large units: 4 bdr 2 bath which is over 1, 400 sq ft under AC and 3 bdr 2 bath over 1, 300 sq ft with a desirable layout that provides great rental income potential. This attractive and roomy duplex offers a sizable screened-in back porches for each unit, an inviting front porch, and a private fenced-in backyard for each unit. It features newly installed tile and laminate flooring throughout, as well fashionably renovated bathrooms. The house is updated with contemporary lighting fixtures, new doors, recent appliances, and fashionable kitchen countertops, all enhanced by a fresh coat of paint. Located in a desirable, residential neighborhood, this property is ideal for investors looking to add a multifamily asset to their portfolio. Both units are currently leased with annual leases • Low Maintenance: This duplex has been well-kept, with updated features and easy-to-manage units, making it a great addition to any investor's portfolio. Long and short term rental are allowed in this part of St Petersburg. You can increase your rental income by offering units furnished on AIRBNB. The property's prime central location in St. Petersburg, it provides easy access to Tampa, beaches, downtown St. Petersburg, Clearwater, and local amenities, shopping centers, parks, and public transportation. It is located close to Sawgrass Lake Park -400 acre park with Boardwalk, Nature Trails, Observation Tower, Picnic Shelter and Grills. This unique duplex offers both immediate rental income and long-term investment potential. Two large and upgraded units, combined with its sought-after location, that is NOT IN FLOOD or Evacuation Zone ensures high demand from prospective tenants. There is no HOA, no CDD. Owner financing is available with substantial downpayment. Contact us today to learn more or schedule a showing.
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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 | $639,200 | $639,200 | $639,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.171% | 6.538% |
Monthly Tax Payment | $511 | $511 | $511 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,253 | $4,248 | $5,481 |
Total Monthly Payment | $4,856 | $4,851 | $6,084 |
* 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.