Welcome to your dream INVESTMENT opportunity in the heart of St. Petersburg, Florida! FREE HOME WARRANTY ON ALL UNITS/CLEAN 4 POINT AND WIND MIT TRANSFERABLE TO BUYER This completely REMODELED cash-flowing TRIPLEX is situated just one block from Central Ave on a CORNER-LOT, offering convenience and charm in equal measure. Step into modern luxury with a host of recent upgrades including a NEW ROOF in 2021, BRAND NEW CENTRAL HVAC and DUCT WORK installed in 2023, NEW PLUMBING 2023 throughout the property including water lines, NEW ELECTRICAL IN 2023 including brand new ELECTRICAL PANELS AND 3 NEW SEPARATE ELECTRIC METERS, NEW LUXURY VINYL PLANK FLOORING throughout, FRESH EXTERIOR AND INTERIOR PAINT 2023, and NEW WINDOWS 2023, ensuring peace of mind for years to come with all permits on public record. Each unit has 2 bedrooms and 1 bathroom with one currently being occupied and rented at $2, 500 dollars per month on a 1 year lease. The front unit, Unit A, is the largest unit having 2 bedrooms, 1 bathroom plus an OFFICE/DEN area as well as a FIREPLACE. The upstairs unit, Unit B, has a separate a dining room off the kitchen, 2 bedrooms, 1 bathroom and a separate laundry room area currently a PADSPLIT with each tenant paying $1200 per month. This unit is FULLY FURNISHED with queen beds w/headboards, couch, TVs in bedrooms, TV in living room, fully kitchen set and MORE! Unit C is the back unit and has 2 bedrooms, 1 bathroom with a MUD ROOM in the front for additional storage space. This unit does have 2 bedrooms however one of the bedrooms is really ideal for an office space. The units have NEW CEILING FANS in the living rooms and bedrooms as well as LED mirrors in all the bathrooms, making this triplex primed for efficiency and functionality. Inside each unit, you'll find contemporary finishes and thoughtful touches at every turn including glass door knobs! Enjoy the convenience of NEWER STAINLESS STEEL APPLIANCES, complete with DISHWASHERS, and stackable front-loading WASHER AND DRYERS in each unit. Organized living is made easy with CLOSET ORGANIZERS in bedrooms boasting WALK-IN CLOSETS, while CEILING FANS keep the living spaces and bedrooms comfortable year-round. The kitchens and bathrooms feature NEW CABINETS, QUARTZ countertops, and gold faucets and knobs for a modern look! Outside, the property dazzles with freshly painted exteriors featuring a CHIC MURAL, adding a touch of character to the neighborhood as well as NEW LANDSCAPING IN 2024. The property has its own PARKING LOT in the back of the property containing 6 PARKING SPACES, ensuring hassle-free parking for residents and guests alike. But the perks don't end there - this triplex comes complete with a CLEAN 4 POINT INSPECTION (see attached) and WIND MITIGATION REPORT completed in 2024, transferable to the buyer. Plus, enjoy a FREE HOME WARRANTY on all units, providing further assurance of a worry-free investment. Tenants pay electric as there are 3 separate electric meters and the owner pays water with the property only having 1 water meter. Don't miss your chance to own this meticulously updated triplex in a prime location, perfectly blending modern convenience with St. Pete's timeless charm. Schedule your showing today and seize the opportunity to make this cash-flowing gem yours! PLEASE SEE ATTACHMENTS WITH FINANCING PACKAGE, INSURANCE QUOTE, INSPECTION REPORTS, AND MORE!
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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 | $916,000 | $916,000 | $916,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.000% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 7.103% | 7.041% |
Monthly Tax Payment | $669 | $669 | $669 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,249 | $6,094 | $8,169 |
Total Monthly Payment | $7,043 | $6,888 | $8,963 |
* 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.