321 Faulkner STREET, New Smyrna Beach, FL, 32168 | $449,000

This stunning triplex located in the heart of downtown New Smyrna Beach offers a rare opportunity for investors or buyers seeking an income-producing property. Live in one unit and rent the other two OR Build your dream home on this OVERSIZED, Downtown lot! The triplex consists of 3 separate units, each with their own private entrance and is zoned Multi - family. The upstairs unit has two bedrooms and one full bathroom, living room and fully equipped kitchen as well as two common areas perfect for a den, nook or office spaces. There are windows throughout letting tons of natural sunlight into your living space and a large outdoor deck perfect for entertaining. The downstairs features a common entry way in between the other two apartments. To the right there is an updated studio apartment with full kitchen with coffee bar and a bathroom featuring a shower. The second apartment to the left is a one bedroom, with living room and eat in kitchen and full bathroom. The property also offers plenty of parking for the convenience of the tenants. The opportunities are endless at 321 Faulkner located within walking distance Canal street and the Farmer's market and restaurants and golf cart distance to the beach. Don't miss out on this exceptional opportunity to own a beautiful triplex in a prime location. All information deemed accurate and to be verified by buyer and buyers agent.

Features

  • Rooms: 3
  • Bedrooms: 4
  • Baths: 3 full
  • Laundry: Common Area
  • Year Built: 1925
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 2,136
  • Acreage: 0.22
  • Est. Taxes: $6,837
  • Appliances: Electric Water Heater, Microwave, Range, Refrigerator
  • MLS#: NS1082170
  • Days on Market: 38 days
  • Website: https://www.raveis.com
    /prop/NS1082170/321faulknerstreet_newsmyrnabeach_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 9/20/2024 5:17:09 PM)
Listing courtesy of THE HIGH TIDE GROUP   Phone: 386-682-0992

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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321 Faulkner STREET, New Smyrna Beach, FL, 32168

$449,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $359,200 $359,200 $359,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.125% 4.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.483% 6.273% 5.268%
Monthly Tax Payment $570 $570 $570
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,183 $2,183 $2,839
Total Monthly Payment $2,828 $2,828 $3,484

* 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.