Don't pass this up! Here is a rare investment opportunity for a duplex in Clearwater, Florida. This solidly built block structure is in an X flood zone, though a small corner of the property is in an AE zone. This duplex features two large dwellings, a three bedroom, and a two bedroom. Both units have been updated with pristine and durable tile floors, new kitchen and bathroom cabinets, stone counters, and stainless steel appliances. Each unit also has their own laundry room with ample room for extra storage. Proforma rents are $1,500 and $1,800 for the 2/1 and 3/1 respectively. Hurry up and don't let this 6.9 CAP Rate property slip by.
612 S LINCOLN AVENUE, Clearwater, FL, 33756
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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