AMAZING OPPORTUNITY in Lighthouse Point! Discover this rare gem - a quadplex perfect for both owner occupants and investors. Nestled in a highly desirable area, this property features two buildings with a total of four inviting units, all set against a backdrop of lush tropical landscaping. Amenities include a convenient onsite shared laundry room, enhancing the living experience for all residents. Situated less than 2 miles from the pristine beach and in close proximity to an array of stores, restaurants, and parks, this offering represents a blend of lifestyle and investment opportunity not to be missed. Don't let this unique find slip away!All tenants are mont to month. One of the units has a lease expiring in April 2025
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,099,999
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 | $879,999 | $879,999 | $879,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.799% | 6.876% | 6.850% |
Monthly Tax Payment | $1,461 | $1,461 | $1,461 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,855 | $5,708 | $7,726 |
Total Monthly Payment | $7,441 | $7,294 | $9,312 |
* 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.