THIS PROPERTY CAN BE USED AS RESIDENTIAL FOR ONE UNIT WHILE RENTNG OUT THE OTHER 2!
Welcome to an incredible investment opportunity in the heart of Tarpon Springs! Situated just moments away from the Anclote River boat ramp and a short walk from the famous Tarpon Springs Sponge Docks, this triplex is a hidden gem.
Featuring three units—a cozy 1-bedroom, 1-bathroom unit, and two spacious 2-bedroom, 1-bathroom units—this property offers versatility to meet various tenant needs. With six parking spaces available, convenience is assured for both tenants and guests.
Recent upgrades, including a roof replacement in 2017 and exterior painting in 2021, demonstrate the care and attention given to the property. While currently on septic, the owner covers water expenses with a single meter, simplifying utility management.
There's great income potential here, whether you prefer traditional renting, occupying one unit while renting out the others, or exploring short-term rental options (subject to local regulations). Each unit includes washer and dryer hookups and dishwashers, enhancing tenant comfort and attracting long-term renters.
Units B and C have received significant upgrades, featuring new AC, newer water heaters, new flooring, brand new appliances, and new light fixtures, making them particularly appealing and reliable to tenants.
Don't miss out on this exceptional opportunity to invest in Tarpon Springs. Schedule a viewing today and take the first step towards realizing your investment goals!
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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 | $503,200 | $503,200 | $503,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.282% | 6.538% |
Monthly Tax Payment | $301 | $301 | $301 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,433 | $3,390 | $4,315 |
Total Monthly Payment | $3,826 | $3,783 | $4,708 |
* 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.