This rarely available quadplex offers an incredible opportunity for steady income and long-term growth, set on an oversized lot of nearly half an acre. Flood insurance is assumable, adding an extra layer of security for the new owner and offering peace of mind in the event of a storm. The property features four 1-bedroom, 1-bath units, each with its own screened lanai and unscreened patio, perfect for outdoor enjoyment. Each unit also includes 2 designated parking spaces, ensuring convenience for tenants and guests.
Residents have access to a common laundry building that provides additional storage closets with locks for each tenant, offering extra space for personal belongings. Plus, everyone can take advantage of the two boat docks, one equipped with water and electricity, making this a perfect waterfront retreat.
For added value, the property includes an 805 sq ft garage with a half bath, which features a toilet and sink, along with a 200-amp electrical panel—ideal for storage or a potential workshop. The hurricane-resistant garage windows provide extra protection, and an additional 6ft x 12ft storage shed offers even more space for tools or equipment.
The property has been meticulously maintained, with a new roof installed in 2018 across all four units, ensuring long-term durability and peace of mind for years to come. Currently, each unit is rented on a month-to-month basis, with tenants who have been in place for over a year, providing stable and reliable rental income.
This quadplex is a rare find, offering substantial land, waterfront amenities, and a well-established tenant base—making it an ideal addition to any investor’s portfolio. Don't miss out on this prime opportunity to own a property with exceptional potential and long-term value.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
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** | 7.125% | 6.750% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.239% | 6.849% | 7.037% |
Monthly Tax Payment | $797 | $797 | $797 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,363 | $5,163 | $7,099 |
Total Monthly Payment | $6,252 | $6,052 | $7,988 |
* 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.