Exceptional Triplex with leasing options overlooking a pond with in an incredible location that has been totally renovated! This wonderful investment opportunity has 3 units, A - 2/2, B - 3/2 1/2 with a loft, 2/2 with a loft, and a 2 car garage that could be converted to an additional unit. Or turn this into your own home! In a NON FLOOD zone! Improvements are a brand new roof - Oct. 2023, new siding for entire home - 2023, all new gutters Nov 2023, painted both exterior/interior, and all units updated with Luxury Vinyl flooring, quartz and granite countertops, several new a/c units, and hot water heaters. No leasing restrictions and the potential income as a short term rental could gross between $200, 000 - $220, 000. If the garage was converted, you would have additional income. Unit B & C have lofts and Unit A has a bonus room allowing for additional sleeping areas, and all 3 units have inside laundry areas. There are two ways to access the home, either from Park Blvd or 77th Ave. The location on Park is just before the bridge over to Gulf Blvd and the beach! Sit on your balcony and enjoy the beautiful views or hop on your bike and ride across the brigde to be on the beach in minutes! This location is outstanding and another possiblitly is to live in one of the units and rent the others. Enough room for wedding parties, reunions, and family celebrations. This property will be an asset to anyone wanting income for many years to come. Unit C is in almost complete and pictures will follow. Selling furnished except for unit C and will consider owner financing but no 2nd positions.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$2,250,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,800,000 | $1,800,000 | $1,800,000 |
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% | 6.898% | 6.915% |
Monthly Tax Payment | $1,532 | $1,532 | $1,532 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,127 | $11,825 | $15,928 |
Total Monthly Payment | $13,784 | $13,482 | $17,585 |
* 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.