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515 40th AVENUE S, St. Petersburg, FL, 33705 | $225,000
Don't miss this fantastic investment opportunity… A charming duplex just 3 miles from downtown St Pete! This property has a beautiful banyan tree in the backyard. One unit is upstairs, and the other is downstairs, providing plenty of privacy for both tenants. Each unit has two bedrooms and one bath, each with laundry hookups. The first-floor unit had water enter during hurricane Helene on 9/24/2024 and has been remediated. There is a storage shed attached to the home for extra storage space. Live in one unit, rent out the other, or rent out both for maximum income. The upstairs unit is currently rented until December 31st, with the landlord collecting $900 a month since 2015. Comparable units in the area rent for $1, 300 a month, offering a great income opportunity. This AS-IS property includes central AC & heat and is located under 2 miles from Lassing Park and the beach and 2 1/2 miles to I175. This is a perfect deal for investors or those looking to maximize their investment potential!
Features
- Bedrooms: 4
- Units: 2
- Lot Size: 50 x 127
- Laundry: Inside, Laundry Room
- Year Built: 1925
- Garage: Boat, Common, Curb Parking, Driveway, Off Street, On Street, RV Parking
- Heating: Central
- Cooling: Central Air
- Approx Sq. Feet: 1,520
- Acreage: 0.14
- Lot Size: 50 x 127
- Est. Taxes: $3,230
- Lot Desc: Flood Insurance Required, FloodZone, City Lot
- View: Trees/Woods
- Elem. School: Lakewood Elementary-PN
- Middle School: Bay Point Middle-PN
- High School: Lakewood High-PN
- Pet Policy: Yes
- Appliances: Dryer, Electric Water Heater, Range, Refrigerator, Washer
- Lease Terms: 12 Months
- MLS#: TB8332557
- Days on Market: 1 day
- Website: https://www.raveis.com
/prop/TB8332557/51540thavenues_stpetersburg_fl?source=qrflyer
Listing courtesy of TREASURED HOME COLLECTION Phone: 727-210-3282
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
515 40th AVENUE S, St. Petersburg, FL, 33705
$225,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $180,000 | $180,000 | $180,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
| Monthly Tax Payment | $269 | $269 | $269 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,243 | $1,213 | $1,531 |
| Total Monthly Payment | $1,587 | $1,557 | $1,875 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388