BRAND NEW ROOF!!! Discover an exceptional investment opportunity with this duplex, ideally located near Downtown New Port Richey and US Highway 19. Each unit is 1045 ft. ² features two spacious bedrooms and one bathroom, and each unit has its own screened in porch. While one unit requires a full renovation, the other is in need of a partial to full renovation, offering you the chance to add your personal touch and maximize your return on investment. Situated on a tranquil street, this property promises both convenience and potential. One unit is equipped with central air conditioning, and the other will need one installed. The layout of this duplex allows for multiple possibilities. The walls between the units could potentially be removed, or a door installed, creating an ideal setup for multigenerational family living. Alternatively, keep the units separate for maximum rental income potential. Nestled close to the vibrant and lively downtown New Port Richey, you'll have easy access to an array of dining, shopping, and entertainment options. The proximity to Highway 19 also ensures quick and convenient travel to Pinellas County, including the stunning Clearwater Beach and Tarpon Springs. Don't miss this chance to own a property with great possibilities. Whether you're an investor looking for an income-generating asset or a homeowner seeking a flexible living arrangement, this duplex offers the perfect canvas for your vision. Schedule a showing today!
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William Raveis Real Estate
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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 | $303,200 | $303,200 | $303,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | $118 | $118 | $118 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,068 | $2,015 | $2,600 |
Total Monthly Payment | $2,261 | $2,208 | $2,793 |
* 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.