RARELY AVAILABLE NAPLES PARK DUPLEX ON A DOUBLE 100' LOT LOCATED ON THE 600 BLOCK WITH SOUTHERN EXPOSURE! Walking or biking distance to Naples white sandy beaches - Vanderbilt or Wiggins Pass! This makes for a great investment property, occupy one side and have the other side help pay your mortgage or build your future dream home or a multifamily retreat! Both units are currently rented on an annual basis and provide immediate income. Once annual rentals expire you can triple your rental income offering short term rentals. This charming duplex features fully renovated 3 bedrooms and 2 full baths on each side with a one car garage and a separate outbuilding with endless opportunities. Each unit has a large screened in porch and a fully fenced yard, new AC ductwork, private well for irrigation, and plenty of room for a sparkling pool. This duplex is centrally located in Naples Park, this location is close to all of the area hot spots such as North Naples CC, Mercato, Vanderbilt Beach, Wiggins-Pass State Park, Seed to Table, and many other great dining and entertainment options. Easy access to RSW Airport and I75. NOT IN FLOOD ZONE and has not been affected with Irma, Ian or any of the recent hurricanes. With no HOA and lease limits, this makes the perfect investment to round out your portfolio. Don't miss out on this amazing opportunity, MAKE YOUR MOVE!
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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 | $1,039,200 | $1,039,200 | $1,039,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.444% | 6.748% | 7.366% |
Monthly Tax Payment | $939 | $939 | $939 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,827 | $6,654 | $9,196 |
Total Monthly Payment | $7,891 | $7,718 | $10,260 |
* 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.