GULFPORT GEM IN NON-FLOOD ZONE! Perfect for investors with rental history for bungalow unit dating back to 2022. Great option for snowbirds looking for an extra income stream and low-maintenance property. Excellent choice for those with extended families!
Welcome to a DISTINCTIVE PROPERTY boasting a main residence and an additional dwelling unit, each benefiting from INDIVIDUAL DRIVEWAYS, ENTRANCES, and PRIVATE YARDS. This 1948 single-family home with a "mother-in-law-suite" offers a versatile opportunity for families desiring dedicated space or investors in search of a lucrative income stream.
Nestled on a corner lot in flood zone X, both the main home and the bungalow have SEPARATE ADDRESSES and UTILITY METERING, adorned with charming Gulfport-inspired touches. The main home (5101 1/2) spans 756 sq ft above a spacious 2-car garage, featuring two cozy bedrooms and 1. 5 bathrooms. Its open-concept kitchen and living area invite memorable gatherings. The bungalow (5101) extends over 936 sq ft, offering a ground floor bedroom plus a loft—ideal for relaxation or a home office; it is turnkey and has been boasting rental bookings since 2022.
Outdoor living is at its finest here, with a SCREENED PORCH for tranquil evenings, a TIKI BAR for entertaining, and NEW LOW-MAINTENANCE LANDSCAPING including artificial grass and limestone for effortless upkeep. The property also houses an AIR-CONDITIONED ARTIST'S STUDIO in the shed, offering a creative retreat or additional storage space.
Positioned ideally for adventure seekers, the home is just blocks from the Pinellas bike trail, minutes from downtown Gulfport's arts scene, and within easy reach of pristine Gulf beaches. With St. Petersburg, Treasure Island, and St. Pete Beach nearby, plus Tampa and Sarasota within a short drive, endless exploration awaits. Tampa International is also conveniently located just 30 minutes away.
Significant upgrades include NEW ROOFS on both structures in 2022 as well as TWO NEW HOT WATER TANKS, a NEW CENTRAL AC UNIT with Nest thermostat for enhanced comfort in the bungalow in 2023, and the main home's addition of two new mini-split AC units and solar panels for energy efficiency. Also installed at each door, keyless entry. The bungalow has been rented part-time each year, generating $18, 900 in 2022 and $18, 300 in 2023. All rental figures are available by request.
This property is more than a home; it's a LIFESTYLE and an INVESTMENT OPPORTUNITY wrapped into one. Discover the unique blend of COMMUNITY, CREATIVITY, and CONVENIENCE that makes Gulfport the coveted locale it is. Don't miss out on this multifaceted Gulfport Gem, where every detail contributes to a life well-lived.
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William Raveis Mortgage, LLC
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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 | $479,200 | $479,200 | $479,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.815% | 7.055% | 6.120% |
Monthly Tax Payment | $485 | $485 | $485 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,188 | $3,148 | $4,011 |
Total Monthly Payment | $3,765 | $3,725 | $4,588 |
* 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.