Charming Seminole Heights Bungalow with Income-Producing Duplex – A Rare Investment Opportunity!
Welcome to 6905 Duncan Ave, located in the heart of the vibrant and up-and-coming Seminole Heights neighborhood, known for its rich history, eclectic charm, and thriving local culture. This unique property offers incredible flexibility for homeowners and investors alike with three separate living spaces on one lot:
• Main House: A beautifully updated 2-bedroom, 1-bathroom bungalow exuding historic charm with modern comforts. From the welcoming front porch to the warm hardwood floors and classic architectural details, this home is perfect for cozy living or additional rental income.
•Lower Level Duplex Unit: A 3-bedroom, 2. 5-bathroom layout featuring generous living spaces, a private entrance—ideal for long-term tenants or short-term vacation rentals.
•Upper Level Duplex Unit: A comfortable 2-bedroom, 1-bathroom apartment with its own entrance, perfect for additional rental income or multi-generational living.
Location, Location, Location!
Situated just 10 minutes from Downtown Tampa and 15 minutes from Tampa International Airport, this property offers unparalleled convenience. World-famous Florida Gulf Coast beaches are only a short drive away, making it a prime location for residents and tourists alike. Enjoy the best of Seminole Heights, with trendy restaurants, craft breweries, and boutique shops all within minutes of your doorstep.
An Investor’s Dream
With three rentable units on one property, this is a rare find for savvy investors or house hackers looking to generate significant rental income. Live in one unit while renting out the others, or lease all three for maximum cash flow. The opportunities are endless!
Don’t miss this extraordinary chance to own a piece of Tampa’s growing real estate market. Schedule a private showing and discover the potential of 6905 Duncan Ave!
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:
$569,000
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 | $455,200 | $455,200 | $455,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.153% | 7.159% | 6.276% |
Monthly Tax Payment | $467 | $467 | $467 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,952 | $3,025 | $3,839 |
Total Monthly Payment | $3,511 | $3,584 | $4,398 |
* 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.