1631 Fulton Ave, Clearwater, FL, 33755 | $625,000

Under contract-accepting backup offers. This triplex is very unique, please read full description. Marked safe from two major hurricanes, not in a flood zone!! This Triplex is built on a double lot with two different houses/lots whose back yards are back to back. One structure has two units a 2 bed/1 bath and a 1 bed/1 bath (address: 1631 Fulton). The second structure is a 3 bed/1 bath built in 2021 (different address: 906 Beckett St Clearwater FL). This lot can easily be split or kept as a triplex/multiunit! House hack and live in one unit and rent out the other two units OR rent all three mid-term to traveling professionals for maximum cash flow! Even better - live in one and SELL the other two units! Endless opportunities for an investor. These lots are fenced in and connected by their back yards. All units have been tastefully updated with fresh paint and luxury vinyl planks throughout, brand new appliances, quartz countertops, and new vanities for each. Large lot so there's potential each unit could have their own outdoor living space. LOCATION LOCATION LOCATION- This multifamily sits on a large lot tucked into a safe quiet residential neighborhood just 4 miles from Clearwater Beach and 5 mi from the heart of Dunedin. All big ticket items updated making this an easy turn key investment- move in ready! Newer roof, HVAC, PAID OFF SOLAR PANELS.

Features

  • Bedrooms: 6
  • Units: 3
  • Laundry: Common Area, Outside
  • Year Built: 2021
  • Heating: Central, Wall Units / Window Unit
  • Cooling: Central Air, Mini-Split Unit(s)
  • Approx Sq. Feet: 2,373
  • Acreage: 0.25
  • Est. Taxes: $3,413
  • MLS#: TB8304744
  • Days on Market: 4 days
  • Website: https://www.raveis.com
    /prop/TB8304744/1631fultonave_clearwater_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/6/2024 2:49:26 AM)
Listing courtesy of BHHS FLORIDA PROPERTIES GROUP   Phone: 727-799-2227

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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1631 Fulton Ave, Clearwater, FL, 33755

$625,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $500,000 $500,000 $500,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.563% 7.159% 6.276%
Monthly Tax Payment $284 $284 $284
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,327 $3,323 $4,217
Total Monthly Payment $3,703 $3,699 $4,593

* 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.