PRIME OPPORTUNITY to acquire a WATERFRONT 6 UNIT PROPERTY in GORGEOUS and HIGH-DEMAND Treasure Island Florida!!!! This WELL-DESIGNED property features a perfect mix 3 Two-Bedroom/One Bath apts and 3 One-Bedroom/1 Bath apartments situated directly on the waterfront with sweeping WIDE INTRACOASTAL VIEWS!! Separately metered for electric and Featuring 10 Parking Spaces, On-Site Laundry and a large waterfront patio to soak in the views and watch the world float by, this is a dream setup for tenants or owner-users alike. Pride of ownership is evident in the conditions of this well maintained concrete block building, and the walkable location with beach, dining and entertainment just steps away provides an excellent lifestyle for tenants ensuring a strong future of rental demand and SOLID, CONSISTENT CASH FLOW for the next owner. Treasure Island is a perfect Florida beach community with wide sand beaches on the gorgeous waters of the Gulf of Mexico. Just blocks from Johns Pass, and a short drive or Uber to all of the excellent restaurants, shops, breweries, and ENTERTAINMENT, CULTURAL ATTRACTIONS and WATERFRONT PARKS that DOWNTOWN ST PETE is so rightly famous for, this property provides the laid back beach lifestyle right next to all of the modern action - a perfect balance of the FLORIDA LIFESTYLE. Approx 30 mins to either of 2 excellent airports, access is easy for all - don't miss this opportunity to invest now in the bright future of the beach life in Tampa Bay!
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,199,000
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 | $1,759,200 | $1,759,200 | $1,759,200 |
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% | 7.014% | 7.041% |
Monthly Tax Payment | $2,269 | $2,269 | $2,269 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,001 | $11,557 | $15,690 |
Total Monthly Payment | $14,395 | $13,951 | $18,084 |
* 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.