Welcome to your dream investment opportunity! This stunning duplex, ideally situated in a highly sought-after vacation destination, offers an exceptional chance to own a lucrative income-producing property. With modern amenities, stylish interiors, and a prime location, this property is perfect for vacation rentals, ensuring high occupancy rates and excellent returns. This exceptional property, featuring two new A/C units (2022), a new water heater (2023), and a durable metal roof, promises both comfort and peace of mind. This versatile property comprises two distinct residences, each thoughtfully renovated and equipped with modern conveniences. The one-bedroom, one-bath residence exudes charm with its contemporary kitchen and bath, tile floors, washer and dryer, and cozy living space, making it perfect for a single occupant or couple. The two-bedroom, two-and-a-half-bath townhome-style residence, spread over two levels, offers spacious living with wood floors upstairs, updated bathrooms, a modern kitchen, tile floors downstairs, and a washer and dryer, ideal for families or larger groups. Outdoor living is a delight with low-maintenance landscaping, a generous patio area, and a private, gated backyard. The shared screened porch entry adds to the property's charm and functionality, while outside parking accommodates up to five cars. Residents will enjoy the heated pool and deeded beach access just one block away, offering the ultimate in convenience and leisure. Positioned within close proximity to shopping and restaurants, this property ensures that all your needs are met. With a proven rental history, this duplex is perfect for vacation rentals, promising excellent returns for the savvy investor. Experience the best of Siesta Key living at 6630 Midnight Pass Rd, where every detail has been curated for an exceptional coastal lifestyle. This duplex is a proven income producer with an established rental history and strong demand from vacationers year-round. The current owner has also used the property for family stays, suggesting that even higher income could be achieved with more dedicated rental availability. Don’t miss this rare opportunity to own a piece of paradise with outstanding income potential.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,700,000
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 | $1,360,000 | $1,360,000 | $1,360,000 |
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 | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $976 | $976 | $976 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,821 | $8,708 | $11,941 |
Total Monthly Payment | $9,922 | $9,809 | $13,042 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.