*Rare Investment Opportunity: Gulf Coast Duplex in Indian Rocks Beach, Florida, Total 4 bedroom, 2 bath. Each unit is 2bedroom, 1 bath. New metal lifetime roof 2017. *Embrace the possibility to own a coveted piece of Florida's Gulf Coast with this duplex, prestigiously situated at 809 Gulf Blvd, Indian Rocks Beach. This exceptional property presents an unparalleled investment opportunity for savvy investors and visionary builders keen on capitalizing on the region's lucrative long and short term rental market or embarking on a custom redevelopment
project. *Prime Location: Nestled in the heart of Indian Rocks Beach, a vibrant community known for its pristine beaches, delightful restaurants, and family-friendly atmosphere, the duplex offers easy access to the best of coastal living. Be steps away from the soft white sands and the serene waters of the Gulf of Mexico, where sunsets are a daily masterpiece. *Generous Lot Size: Positioned on a generous parcel of land, the property boasts ample space for expansion or the potential to erect a bespoke luxury residence or multi-family complex, subject to zoning and planning approvals. *Dynamic Investment Potential: With two existing units, this duplex is ripe for generating immediate rental income with the option to reinvest and scale. Whether you uphold the current structure or tap into the full potential of the lot, the property promises a wealth of investment strategies. *Quality of Life: Residents and guests enjoy the small-town charm mixed with the luxuries of coastal living, including exquisite dining, unique shopping, and a wide array of water activities all at their fingertips. This duplex on Indian Rocks Beach is more than just a property; it's a canvas awaiting your inspiration. Seize the opportunity to craft a landmark residential icon or sustain a high-yielding investment in one of Florida's most desirable coastal destinations. Prospective builders will find a hospitable environment for new construction, with local authorities supportive of thoughtful development. Meanwhile, investors can bank on the area's reputation and the existing structure to gather returns while planning for the future. Don't let this unparalleled chance to make a mark on Gulf Blvd slip away. Explore the full potential of this exceptional property and begin the journey to realizing your Gulf Coast vision.
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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 | $880,000 | $880,000 | $880,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.875% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.877% | 6.977% | 7.041% |
Monthly Tax Payment | $688 | $688 | $688 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,003 | $5,781 | $7,848 |
Total Monthly Payment | $6,816 | $6,594 | $8,661 |
* 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.