If you are an investor or part of an investment group seeking a piece of paradise, this duplex property presents a rare opportunity. Located on corner lot, just steps away from steps from both the Gulf of Mexico and Intracoastal Waterway, this property combines a prime location with exceptional income potential. Each of the two duplex units feature 3 bedroom and 2 bathrooms, totaling 6 bedrooms and 4 baths across the entire property. The duplex is situated on concrete stilts with a large parking area big enough to park multiple vehicles. The design of the duplex, being built on stilts, effectively protected both units from water damage during Hurricane Helene. As you enter the units you can see out multiple windows and enjoy the open concept with lots of natural light. There are 2 bedrooms on this floor and a Bathroom in each of the 2 units. In addition, each unit has a primary bedroom, and bathroom, with a huge walk-in closet located on the third floor. Imagine sitting out on one of the balconies and enjoying the evening sunset or perhaps the morning sunrise. This home is truly unique.
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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 | $1,192,000 | $1,192,000 | $1,192,000 |
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 | 7.321% | 6.826% | 6.936% |
Monthly Tax Payment | $782 | $782 | $782 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,731 | $7,731 | $10,548 |
Total Monthly Payment | $8,638 | $8,638 | $11,455 |
* 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.