Prime income property located in the heart of Gulfport's Waterfront Redevelopment District! This exceptional 5-plex is just one block from Veteran's Park, the fishing pier, and Gulfport's renowned culinary destinations. Enjoy the convenience of walking to downtown Gulfport's vibrant array of restaurants, unique shops, the beach, Casino ballroom, beach volleyball courts, weekly farmer's market, and dynamic nightlife.
This well maintained masonry 5-plex features three spacious studios, a 1BR/1BA, and a 1BR/1. 5BA apt. All units boast easy care vinyl flooring and two offer partial water views. Tenants will appreciate the newly resurfaced onsite parking lot ensuring hassle-free parking. This property includes five separate electric meters and a single water meter, enhancing its investment appeal. Fresh exterior paint and a newly landscaped courtyard add to its curb appeal.
A rare opportunity to own an income property in a prime downtown location near the waterfront, situated in non-flood zone X. Property fared well during summer storm season with no flooding to the structure. This desirable property promises a sought-after lifestyle for tenants and a lucrative investment for you. Don't miss out on this exceptional opportunity!
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Our Executive Mortgage Banker:
Our Insurance Division:
$995,000
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 | $796,000 | $796,000 | $796,000 |
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 | 7.559% | 6.723% | 6.847% |
Monthly Tax Payment | $679 | $679 | $679 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,163 | $5,097 | $6,989 |
Total Monthly Payment | $5,933 | $5,867 | $7,759 |
* 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.