Investors! Check out this fantastic investment opportunity in the sought-after Florida Shores community. This three-bedroom, two-bathroom home is a hidden gem with fantastic potential for those ready to roll up their sleeves and make it their own.
The house has a desirable layout with ample space to customize and enhance according to your vision. Additionally, there’s promising potential to increase the home's square footage by enclosing the existing block Florida room under the main roof and expanding the current floorpan.
While the property features a 20-year-old roof and some cracks in the exterior block, these elements provide a great opportunity for renovation and improvement. The existing conditions offer a solid foundation for a savvy investor or a creative homeowner looking to add significant value.
Located in the desirable Florida Shores neighborhood, this home benefits from a welcoming community atmosphere and convenient access to local amenities, schools, shopping, and just minutes to the beach.
This is your chance to transform a fixer-upper into a stunning property with your personal touch. Don’t miss this unique opportunity to invest in a home with great potential—schedule a viewing today and explore the possibilities!
Cash sale only!
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William Raveis Real Estate
Phone: 888.699.8876
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 | $168,000 | $168,000 | $168,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $175 | $175 | $175 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,118 | $1,104 | $1,417 |
Total Monthly Payment | $1,368 | $1,354 | $1,667 |
* 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.