Rare Opportunity to own Completely Renovated Income Producing Property in the highly desirable neighborhood of Historic Old Northeast! This Quadplex boasts four units, each thoughtfully designed to maximize comfort, style and efficiency. Plenty of natural light, creating a bright and airy atmosphere. Sold fully furnished and upgraded to modern living lifestyles. Non-Flood Zone. Non-Evacuation Zone. Safe and Dry after the hurricanes. High end finishes have been used throughout the entire property. Additionally, each unit features its own off-street parking place and a shared laundry. Both buildings are also sharing the serene, fully fenced yard, perfect for entertaining. The main residence, an updated single-family home, features two spacious bedrooms and two baths. The two-story building is located at the back of the property yard and consists of three additional apartments: two are located on the first floor and one is upstairs with its own outside staircase and separate entrance for privacy. This unit boast a spacious enclosed balcony. Entirely surrounded by windows, this space features plenty of natural light which creates a cozy and welcoming atmosphere. This unique QUADPLEX is nestled in one of most sought-after neighborhoods in St. Petersburg with brick streets, towering oak trees and it is just 3 blocks off the North Shore waterfront and parks. It is easily walkable to all of downtown St. Pete includes restaurants, marinas, world class museums, markets, shopping, the Pier and weekend festivals. Experience the perfect blend of urban convenience and Old Florida charm in St. Petersburg's Most Desired Neighborhood, Old Northeast. The main house and apartments operate at virtually 100% occupancy as a lucrative and efficient investment property. Tenants typically remain for multiple years due to the great location and quality of life here. The entire property can be rented or the owner could live in the front single family home and rent the remaining units. Single family home - 2 bedrooms, 2 full baths; Downstairs apartment - 1 bedroom, 1. 5 baths; Downstairs studio; Upstairs apartment - 1 bedroom, 1 bath;
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,200,000
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 | $1,760,000 | $1,760,000 | $1,760,000 |
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 | $1,756 | $1,756 | $1,756 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,857 | $11,415 | $15,697 |
Total Monthly Payment | $13,738 | $13,296 | $17,578 |
* 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.