Under contract-accepting backup offers. Welcome to The Oasis! A short term rental and MIXED USE Zoning, encompassing a single family home with a pool, spa AND 2 apartments with separate entrances! Nestled in an epic walkable location for an AirB&B! Corner lot just 2 short blocks to New Smyrna Beach's historic downtown Canal St. and Riverside Park where you will enjoy an array of shops, restaurants, boardwalk, playground and fishing! The potential is literally endless. Zoning is Mixed Use and the property is in the SHORT TERM rental district. The main home has 2 bedrooms plus a bunk room and 2 bathrooms. Also on the east side of the property are 2 apartments, all with separate entrances. The seller has recently listed on AirB&B and VRBO since completing the remodel with excellent results. All 3 units are joined by a central breezeway and outdoor bar inviting you to a backyard oasis! Large heated pool and spa recently fully refinished including new equipment, fire pit and sun deck in place for all to enjoy. On the first level of the freestanding apartment building is an efficiency apartment with a kitchen and 1 full bath. Upstairs is a charming one bedroom apartment with one bedroom, a full kitchen and living room. In the fully remodeled main home the iconic foyer and beautifully restored hardwood floors lead to large living and dining rooms. Fully remodeled down to the pool and deck being resurfaced including all pool equipment, 3. 5 ton HVAC, electrical, plumbing, kitchen and baths all in 2023. Upstairs there is a partially finished attic with lots of natural light where an additional bedroom or game room would surely expand your rental income. On and off street parking and a large 28x32 garage allow for additional future expansion to complete this amazing and versatile property.
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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 | $851,200 | $851,200 | $851,200 |
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 | $733 | $733 | $733 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,735 | $5,592 | $7,532 |
Total Monthly Payment | $6,593 | $6,450 | $8,390 |
* 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.