Turnkey Investment Opportunity: This is a fantastic opportunity for both new and seasoned investors. With a gross annual income of $69, 000, it promises a stable and robust revenue stream.
Modern Upgrades: This property boasts a slew of new updates:
Brand new roofing ensures longevity and reduces maintenance worries.
New state-of-the-art AC systems to provide comfort throughout the year.
Modern appliances installed, ensuring convenience and adding to the property’s upscale appeal.
Practically New: Although a triplex by design, it feels and functions as a brand-new building. All significant systems and appliances have been updated, ensuring minimal maintenance for years to come.
Step into this fully renovated triplex, positioned perfectly in the heart of St. Petersburg. Every inch of this property has been meticulously updated, ensuring it stands out in the market. The contemporary finishes are not only aesthetically pleasing but are also of top-notch quality, ensuring durability.
With a desirable location and remarkable renovations, this property is poised to be a lucrative investment for its future owner. Whether you're looking to expand your property portfolio or step into the real estate market is an unmatched opportunity.
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:
$990,000
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 | $792,000 | $792,000 | $792,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | $239 | $239 | $239 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,071 | $5,137 | $6,954 |
Total Monthly Payment | $5,402 | $5,468 | $7,285 |
* 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.