Come and take a look at this sought after eclectic multi-family quad-plex unit located right off of Interstate 275, in the heart of Tampa Bay, Florida with no HOA. This property is a total of 5, 600 square feet, zoned RM-24 and is located in the highly desirable Downtown Tampa zip code. Property is offered at a very reasonable price to be in the perfect location: walking distance to Ybor City, Armature Works and Downtown all simultaneously at the same time, with low vacancy. There are prospects constantly interested in this property whether being advertised for long term rentals or just typical walk-ins seeking short-term stays, as this location also attracts very interested transient guests. This property is a historic wood frame built in 1900 and graces with strength and magnificence as it ages like fine wine. This is an excellent multifamily investment property as it is fully occupied with month-to-month tenants. The housing program offers a payment standard of up to $3, 058/month for a 2/1 in this zip code. This property is turn-key and includes ALL furnishings. Property was recently painted on the exterior and renovated on the interior and has a new shingle roof. This property offers very reasonably spacious units: (3) units are a 2 bedroom/1 bath, and (1) unit is a 3 bedroom /1 bath. Property has window units and mini split systems with gas powered appliances: range and water heaters. With the property having 4 electric meters, the owner pays all utilities as this arrangement essentially keeps the expenses low and affordable for the property. Don’t miss out on the opportunity to own this gorgeous and stable, low capitalization investment property in a zip code with great schools, in the heart of Tampa’s bustling community. Property is sold AS-IS. All buyers must verify all information in this listing and provide POF with all offers.
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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 | $735,200 | $735,200 | $735,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | $262 | $262 | $262 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,708 | $4,768 | $6,455 |
Total Monthly Payment | $5,062 | $5,122 | $6,809 |
* 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.