PRICE REDUCTION!!! Full Duplex Investment Opportunity with NO HOA!! Live in one side and rent out the other, start an Airbnb and use it to vacation in or enjoy the long term cash flow of both units! Discover a remarkable investment opportunity with this stunning full duplex, perfectly situated in a highly sought-after Port Charlotte neighborhood. Boasting a spacious floor plan, this property promises significant returns and stable income potential. Both units offer a generous living space with 2 bedrooms and 1 bath. Nestled in a prime residential area with easy access to 776, shopping centers, schools, and Charlotte Harbor, this duplex is in a location with high rental demand. Each unit is on separate utility meters and has plenty of parking space on each side of the large driveway. Both tenants will be on a month to month lease starting August 1st, 2024 and with notice, rent can be raised to market rate. You will have low maintenance costs: The roof was replaced in 2022, Water heaters were replaced in 2021 & 2024, A/C Unit in Apt. A was replaced in 2023, And many appliances have been replaced since 2021. This is an exceptional investment opportunity for savvy investors to add to their portfolio!
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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 | $367,200 | $367,200 | $367,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $449 | $449 | $449 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,443 | $2,441 | $3,148 |
Total Monthly Payment | $2,966 | $2,964 | $3,671 |
* 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.