THIS HOME HAS BEEN REMEDIATED PHOTOS WERE BEFORE HELENE! Here’s your chance to secure a prime investment property in the sought-after St. Petersburg area! This 4-bedroom, 2-bathroom + bonus room ranch-style home offers incredible upside potential for those looking to step into instant equity with the right vision and updates. Located just minutes from downtown, this property presents a fantastic opportunity for a cash buyer ready to capitalize on the current market conditions. This CORNER LOT, POOL home experienced flooding during Hurricane Helene, but all remediation has been completed, providing a solid, clean slate for you to customize to your liking. The owner was able to salvage the granite countertops, as well as the knobs, plate covers, and hardware, which will help speed up your renovation efforts. The layout remains intact, making this a simple and straightforward value-add project. With its excellent location near downtown amenities and the high-demand rental market, this property presents a fantastic opportunity for investors or buyers looking to build equity quickly. Whether you’re planning a flip, rental, or personalized renovation, this is the perfect project to take on. Don’t miss out on this rare opportunity to secure a CASH-ONLY property with endless potential. Being sold AS-IS. ARV $650, 000-750, 000. Schedule your showing today!
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William Raveis Real Estate
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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 | $340,000 | $340,000 | $340,000 |
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 | $694 | $694 | $694 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,262 | $2,260 | $2,915 |
Total Monthly Payment | $3,031 | $3,029 | $3,684 |
* 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.