Live the GULFPORT DREAM, while generating income. . . This UPDATED DUPLEX is located on a quiet cobblestone street, just steps away from Downtown Gulfport. And yes, this property has separate water and electric meters! This well-maintained updated property has been occupied by the current owners for over 10 years! The owner's side feels like a single-family home, with a massive quarter acre lot that provides a private fenced back yard where you can store your boat, RV or kayaks! The newer carport (2018) is currently shared with both owners and tenant, with a side locked entry to the owner's side. Brand new roof installed this year (2024) and new AC currently being installed in the two-bedroom unit, and a 2016 AC in the one bedroom. The one-bedroom unit also has a private fenced patio, with washer/dryer hookup (tenant owns their own washer/dryer, but washer/dryer convey with 2-bedroom unit). The 1 bedroom, with den, is currently rented with an annual lease. Listing price is at appraised value, so don't wait to see this amazing duplex! Only 30 minutes to International Airports and minutes to Gulf Beaches! And just steps away from the Gulfport Library, Senior Center and Catherine Hickman Theater! And best of all, no water intrusion at all during recent storms!
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Our Executive Mortgage Banker:
Our Insurance Division:
$599,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $479,200 | $479,200 | $479,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
Monthly Tax Payment | $409 | $409 | $409 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,108 | $3,068 | $3,979 |
Total Monthly Payment | $3,609 | $3,569 | $4,480 |
* 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.