Large Price reduction. 1031 exchange opportunity! Seller will also consider owner Financing. Introducing 222 Dolphin Point, an exceptional WATERFRONT QUAD PLEX in the heart of Island Estates! This remarkable 4-unit plus 4 boat slip complex boasts four spacious 2 bedroom/1. 5 bath units. Each unit offers breathtaking water views from the back porch, creating a serene and picturesque setting. The property features four private boat slips, perfect for increasing NOI. Convenience is key with a coin operated laundry room steps away for the tenants convenience along with four individual storage closets. This Quadplex will set you apart from the competition to be able to offer each tenant their own private garage. The Waterfront location is truly unbeatable, with a short stroll leading you to an array of conveniences that will keep tenants in place for long periods of time. Plus, the proximity to the beach and easy access to main roads make this complex even more desirable. All units are rented with lots of upside, with two if the tenants being there almost a decade. Don't miss out on this incredible opportunity, schedule your showing today and experience the beauty and convenience this property has to offer!
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William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
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 | $1,348,000 | $1,348,000 | $1,348,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.333% | 6.876% | 6.936% |
Monthly Tax Payment | $1,610 | $1,610 | $1,610 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,743 | $8,743 | $11,929 |
Total Monthly Payment | $10,478 | $10,478 | $13,664 |
* 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.