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637 75th AVENUE, St Pete Beach, FL, 33706 | $1,099,900
Discover the unparalleled allure of this ST PETE BEACH multi-family investment property, enviably positioned just a whisper away from the sun-drenched beach and pulsating heart of the coveted "West Corey Ave District. " Nestled in an exceedingly desirable area where seasonal rentals are in high demand, the property lies just west of the historic Corey Ave - indeed, it's the epicenter of all things tourism, culture, art, Sunday Morning Market and city celebrations. Current rental limitations is a minimum of 30 days. Your guests will bask in a veritable trove culinary delight restaurants, eclectic shops, vibrant bars and exhilarating live entertainment, with all these treasures merely a leisurely stroll away from this extraordinary beach enclave. This investment opportunity comes to life with two distinct buildings that together house 4 alluring, extensively remodeled apartments, each with their unique charm. Comprising three 1-bedroom, 1-bath units boasting full-size kitchens and cozy living rooms, and a whimsical 1-bedroom, 1-bath unit with a kitchenette. Constructed in the golden year of 1956, this property received a comprehensive makeover between 2016 and 2021. The renovated interiors now showcase newer flooring, updated kitchens and bathrooms gleaming with modernity, alongside sparkling, stainless-steel appliances. Each apartment echoes stylish décor and furnishings. Tankless gas water heater, separate water meters and separate electric meters. Welcome your guests to the inviting ambiance of these thoughtfully curated apartments, each with its separate entrance. An inviting common courtyard beckons community, while private backyard retreats create serene havens for two of the apartments. Add convenience to comfort with a shared laundry amenity for your guests, and even a full laundry facility in one of the units. Situated in the beating heart of Trip Advisor's "America's Top-Ranked Beaches, " this exceptional VACATION/INVESTMENT/RENTAL property is the quintessence of beach dwelling. Seize this savvy investment prospect and become the proud owner of a coveted slice of coastal paradise that provides a continuous stream of income! No rental history, owners have used the property for family and friends vacations. Flood insurance policy is assumable, with some restrictions. Video is attached to this listing.
Features
- Bedrooms: 4
- Units: 4
- Laundry: Inside, Outside
- Year Built: 1956
- Garage: Driveway, On Street
- Heating: Electric
- Cooling: Mini-Split Unit(s)
- Approx Sq. Feet: 2,212
- Acreage: 0.12
- Est. Taxes: $10,682
- View: Garden
- Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator, Tankless Water Heater, Washer
- MLS#: U8208823
- Days on Market: 57 days
- Website: https://www.raveis.com
/prop/U8208823/63775thavenue_stpetebeach_fl?source=qrflyer
Listing courtesy of RE/MAX PREFERRED Phone: 727-367-3636
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
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- Market your home to realize a quick sale at the best possible price
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
637 75th AVENUE, St Pete Beach, FL, 33706
$1,099,900
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $879,920 | $879,920 | $879,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.125% | 6.875% | 6.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.851% | 6.989% | 6.936% |
| Monthly Tax Payment | $890 | $890 | $890 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,928 | $5,780 | $7,787 |
| Total Monthly Payment | $6,943 | $6,795 | $8,802 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388