Under contract-accepting backup offers. Lucky you - the Buyer changed their mind, so back on market and you can take advantage of this great investment opportunity. Well maintained duplex in a no flood zone in the heart of New Port Richey. Just a short hop to downtown, restaurants, shopping, parks, and near the river. This location attracts quality tenants. Both 3 Bedroom units are occupied with well vetted and dependable tenants. Front unit lease expires 6/30/24, rear unit lease expires 8/31/24. The front unit has more recent updates and includes a built-in microwave and dishwasher. Both units are clean and tidy with the kitchens open to the Living Room. Shared parking in the front is adequate for multiple vehicles per unit. The property sides are fenced for privacy, but the back yard is open. There is considerable area in the rear of the property, and Property Appraiser records seem to indicate that the property is zoned for up to 4 units (Buyer to assess to their satisfaction prior to purchase). There are very few duplexes available in this area – call today to make this one yours.
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Our Executive Mortgage Banker:
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$359,000
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 | $287,200 | $287,200 | $287,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.011% | 7.308% | 6.644% |
Monthly Tax Payment | $378 | $378 | $378 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,984 | $1,935 | $2,482 |
Total Monthly Payment | $2,437 | $2,388 | $2,935 |
* 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.