One or more photo(s) has been virtually staged. Welcome to a prime investment opportunity in the heart of Palma Ceia, one of South Tampa's most desirable neighborhoods! This well-built concrete block multifamily Duplex offers a thoughtful layout with each unit featuring two cozy bedrooms, a bathroom, a comfortable living room, dining area, kitchen, and a laundry closet equipped with washer and dryer.
Step outside to enjoy private patios and a fenced yard in this superbly located dead end street neighborhood, just a stones throw to the center and starting point for many of Tampa's public events. The location is perfect for those quiet moments of Florida sunrise and sunset.
This property stands strong—immune to water or wind damage from the recent past storms of Helene and Milton. This property is not in a flood zone and does not require flood insurance. . So you can sleep peacefully knowing your investment is secure on all fronts in this multi-million dollar neighborhood as it rapidly continues to grow.
This is a great investment for an investorin a superb rental area or for use as an Airbnb, or an owner occupant with extra income from the second unit while utilizing conventional or FHA financing. N owner occupant or tenant can be sure of an excellent education from elementary through high school at some of the best rated schools in Tampa. Buyer/Agent to verify all information.
This magnifecent location affords these Driving times: Downtown Tampa and Tampa General Hospital 8 minutes --- Tampa Aquarium 10 minutes --- Tampa International Airport 14 minutes --- Ybor City 14 minutes --- Lowry Park Zoo 18 minutes --- Busch Gardens 24 minutes --- Downtown St Petersburg 27 minutes.
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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$660,000
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 | $528,000 | $528,000 | $528,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.171% | 6.276% |
Monthly Tax Payment | $711 | $711 | $711 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,469 | $3,509 | $4,453 |
Total Monthly Payment | $4,272 | $4,312 | $5,256 |
* 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.