Incredible investment opportunity! This duplex features long-term tenants in one side, eager to continue their lease, ensuring immediate rental income. Both sides feature 3 bedrooms and 2 bathrooms and a dining area overlooking the family room. We have a new roof, new skylights and new water heaters, all replaced in 2023. Side A's AC is from 2018 while side B's AC is from 2023 as well as both sides having indoor laundry and gutters for added convenience. Enjoy high ceilings and skylights that flood the space with natural light, plus a floored attic for extra storage.
The vacant Side A boasts fresh paint, new stainless steel fridge and stove, some new flooring, new blinds, and an attached garage, making it move-in ready. Side B is home to reliable long-term tenants in an all-tile unit who also maintain the yard as part of their rental agreement. Each side includes a one-car garage, sliders to an open patio and the property backs up to a wide freshwater canal, offering the potential for beautiful views and great outdoor setting. Don’t miss this opportunity!
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$389,000
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 | $311,200 | $311,200 | $311,200 |
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 | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $344 | $344 | $344 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,070 | $2,068 | $2,624 |
Total Monthly Payment | $2,489 | $2,487 | $3,043 |
* 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.