Amazing property located in one of the most popular neighborhoods in St. Petersburg, Palmetto Park. This home is zoned multi-family and is currently formatted as a duplex. The huge first floor of the home features a split floor plan with a 3-bedroom bathroom layout. Additionally, the first level of the home has a living room with refreshed wood floors, a formal dining area with a beautiful stone decorative fireplace, a small office, a large eat-in kitchen, and a family room that opens up to the patio area. The second level is comprised of a 1-bed, 1-bath apartment with a private entrance and a long-term tenant in place. The exterior features two different parking areas plus on-street parking, a brand new roof, recently tented and under termite warranty, a huge patio area with a unique large wood-burning Chiminea as a focal point. This home was previously set up as a triplex with the first floor split into a front 2-bedroom, 2-bathroom apartment and a rear 2-bed, 1-bath apartment. Two separate meters are onsite with one servicing the 1st level main house and the second servicing the 2nd-floor apartment. This home is walkable to the Grand Central district and bikeable to downtown St. Petersburg. Centrally located with quick on and off highway access allows for short travel times to airports, beaches, and attractions. The Property located on 29th St S across the alleyway is also for sale by the same owner and would make a great addition to any portfolio. That property is comprised in of a cute 800 sqft bungelow on the north end of the lot with the southern portion of the lot vacant and ready for a new construction single family home. A package deal would be considered by the owner. Schedule your showing today so you don't miss out on an excellent investment opportunity!
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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 | $623,200 | $623,200 | $623,200 |
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 | $563 | $563 | $563 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,146 | $4,142 | $5,343 |
Total Monthly Payment | $4,801 | $4,797 | $5,998 |
* 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.