GREAT INVESTMENT! Highly desired rentals! Terrific beach neighborhood! Just 4 blocks to beach! "Villas by the Sea" is beachside community of three Villas plus 1 car garage and laundry/storage room. A truly unique property, the tenants love the extra privacy - Each villa has its own private entrance, parking spaces, outdoor patio area separated by building's layout and tropical palms borders. Villa #1 is 1BR+den/1BA $1750/month, Villa #2 is 2BR/1BA $1850/month, one car garage rent $150/month, Villa #3 is 1BR/1BA $1500/month. 2023 updates: Quartz counterrtops, new porcelain tile throughout all villas, new interior doors, new paint, new cabinetry, new appliances in all 3 villas, new washer & dryer, new AC villa #2, new kitchen sink and faucet villa #2.
2020 updates: new ACs in #1, #2 and #3. ENJOY PEACE OF MIND - entire triplex was professionally rodent/animal proofed, tented for dry wood termites and treated to prevent subterranean termites. Upgrades 2016: ALL new circuit breaker panels in EACH villa & new GFIs in all required areas per CITY inspection, #2 new tankless water heater. 2014 roof replaced. Included in sale is in the EAST side one car garage and storage area with washer/dryer in back part of bldg. with “Maintenance Agreement“ with owner of east side. The entire garage bldg. new roof in 2014. *SEE survey -property line goes through garage bldg. *Huge corner lot would have water views of Intracoastal waterway/bay if second story added and or great, extra large lot to build new (contact City for details). Community "Elks Club" across street, tenants enjoy waterfront pool, clubhouse, dinner/drink specials, boat dock rentals for a small annual fee. Enjoy charming Madeira Beach! Great beach community features waterfront parks, tennis / pickleball courts, leash free dog park, baseball fields, basket ball courts, kids water splash play area, Marina, outdoor concert area on waterfront, fishing piers plus many public beach & intracoastal park accesses. "Mad Beach" has so much to offer with that small beach town feel. Being sold AS-IS with right to inspect. Need 24 hours showings with all 3 friendly tenants.
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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 | $599,992 | $599,992 | $599,992 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.011% | 7.171% | 6.538% |
Monthly Tax Payment | $666 | $666 | $666 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,144 | $3,988 | $5,144 |
Total Monthly Payment | $4,902 | $4,746 | $5,902 |
* 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.