Under contract-accepting backup offers. THE OLD NORTHEAST'S BEST-KEPT SECRET: YOUR CANVAS AWAITS | Are you ready to put your stamp on a piece of St. Pete history? Look no further than 1100 Beach Dr NE, a diamond in the rough just waiting for your vision. This versatile property in the coveted Old Northeast neighborhood is a blank slate for your dreams, whether you're interested in having an attached in law unit or looking just to convert it back to it's glory as a single family residence.
This home was previously a single family residence that could be recrafted into a classic St Pete home which is only 1 block away from the beach at the bay. This home has been priced to accomplish this so that you can put your own personal touch onto this property. The large corner lot is comprised of approximately 7, 200 sq ft with the residents having 3, 336 sq ft in the main house plus a detached 2 car garage. Currently configured as a 4-unit dwelling, this spacious property features four individual apartments, each with one bedroom and one bathroom. Unit 1 boasts approximately 1, 074 sq ft, unit 2 spans 834 sq ft, while units 3 and 4 each offer around 714 sq ft of living space. Originally a single-family home, the property is now zoned for multi-family use with up to 10 units. This spacious property offers endless possibilities, Imagine restoring it to its former glory as a grand single-family residence, or maximizing its potential as a lucrative investment property.
Priced well below the average per square foot for the area, this property is a rare find in one of St. Petersburg's most coveted locations. You're just 11 blocks from Central Ave and just 5 blocks to Vinoy Park and Coffee Pot Bayou bike/walking path and the beach on Tampa Bay.
Don't let this opportunity slip away. Whether you're looking to flip, rent, or create your dream home, 1100 Beach Dr NE is your chance to own a piece of St. Pete with unlimited potential. Make your mark on the Old Northeast – the possibilities are as vast as your imagination!
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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 | $1,160,000 | $1,160,000 | $1,160,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $925 | $925 | $925 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,428 | $7,428 | $10,185 |
Total Monthly Payment | $8,478 | $8,478 | $11,235 |
* 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.