Buyer financing fell through! Property appraised for $763, 000. Completely turn-key, Fully Occupied and Fully updated and upgraded 4 unit property in Lutz. Each unit is a 2 bedroom 1 bath 705 sq. ft. apartment. The roof was replaced in April 2021 and all 4 AC units and water heaters are new in 2021 as well. The owner put over $130, 000 in upgrades to the property including connecting it to city water. Each unit has a brand new kitchen and bathroom, all with granite countertops. Kitchens include new cabinetry and appliances. The 2 ground floor units have tile flooring throughout and the upstairs units have all new laminate flooring. The 2nd story units also have sliding glass doors leading out to a balcony while the 1st floor units have a patio. Property has a parking lot as well for off-street parking. Great location just north of Tampa with easy access to the University of South Florida.
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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 | $607,200 | $607,200 | $607,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.171% | 6.518% |
Monthly Tax Payment | $638 | $638 | $638 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,142 | $4,036 | $5,206 |
Total Monthly Payment | $4,872 | $4,766 | $5,936 |
* 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.