Captivating beach duplex steps from the ocean in South Jacksonville Beach. Situated 'East of 3rd' on a generous 62x100 foot corner lot, this fully furnished beach duplex with four bedrooms and 3 bathrooms is currently an income-producing short-term rental with long-term investment potential. Make it your personal residence, vacation home, or reimagine and rebuild a multifamily complex (zoning JRM-2). For those with a vision, this coastal cottage has endless potential. Unit 1207 features a remodeled kitchen, three bedrooms, two bathrooms, dining room, separate laundry room, and inviting living spaces. Enjoy ocean glimpses from the 2nd story deck. Custom cabinetry, walk-in pantry, and two storage closets provide ample storage. Unit 1205 is single-story with one bedroom, one bathroom, kitchen, laundry, living and dining spaces, plus a covered outdoor patio. Dedicated parking in the detached carport and driveway in addition to ample street and public lots nearby. Two outdoor storage closets are perfect for beach toys and supplies. Conveniently located near local restaurants, shops, and attractions. Schedule your private tour today. Cross-posted as residential income MLS#2023559
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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 | $1,039,200 | $1,039,200 | $1,039,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.786% | 6.888% | 6.976% |
Monthly Tax Payment | $1,151 | $1,151 | $1,151 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,914 | $6,740 | $9,196 |
Total Monthly Payment | $8,190 | $8,016 | $10,472 |
* 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.