Best condo location at European Village, a 5 minute drive to the beach, & an opportunity to collect 2 incomes! Exceptional penthouse priced to sell! Located on the 4th floor and conveniently close to the elevator, this move-in ready, fully furnished condo is ideal for both living and investing. Unlike other units in the building, this one features a bonus bedroom and a walk-in closet, adding extra value. The property includes two distinct units (A side and B side. ) Currently operating as long and short-term rentals, the A side generates $1, 700-$2, 000 a month, and the B side, $ 1500- $1600/month & has a 6 month lease starting September 28th, which the buyer must honor. The A side includes: two bedrooms, a spa-like bathroom with a soaking tub, a spacious kitchen, cozy seating, and dining areas, all benefiting from great natural light. The B side offers one bedroom, a bathroom with a shower, a convenient kitchenette, and additional cozy seating and dining areas, also enjoying abundant natural light. Both units feature high loft-like ceilings, private entrances, balconies with courtyard views, and share a washer and dryer. Recent upgrades include a new roof, fresh paint, luxury vinyl plank flooring, a new water heater, and updated balcony rails. Spectrum Cable and Internet are included in HOA fees. Enjoy easy access to restaurants, bars, boutiques, Sunday’s Farmer's Market, and a 5-minute drive to the beach, Palm Harbor Golf Club, and Palm Coast Marina. This versatile property stands out with its unique features and prime location, offering excellent investment potential and comfort. Don’t miss the chance to collect double rent at a newly reduced price—contact us today to make it yours!
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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 | $239,200 | $239,200 | $239,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | $295 | $295 | $295 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,632 | $1,590 | $2,051 |
Total Monthly Payment | $2,002 | $1,960 | $2,421 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.