Under contract-accepting backup offers. Discover the epitome of coastal living with this delightful corner lot duplex! Located just a stone's throw away from the sugary sand and glistening Gulf Waters of Indian Rocks Beach. While this property boasts a perfect blend of style, comfort, and convenience, it also offers a rare opportunity to own a piece of income-producing paradise. Approaching the property, you find yourself surrounded by lush tropical trees and landscaping, creating a serene oasis right at your doorstep. Each unit features two bedrooms and one bath, complete with in-unit washers and dryers for added appeal and convenience. One side is fully renovated and furnished to the 9s with wood-look tile, fresh paint, flat ceilings, 3 new light-welcoming skylights, hurricane-rated impact & low-e windows, doors, and sliders; stunning modern light fixtures, new quartz countertops, gorgeous backsplashes, and all new Samsung Bespoke appliances. Though there has been no known flooding in time of ownership, mold & moisture resistant drywall was used throughout the renovation for peace of mind and extra defense against Florida's humid atmosphere. The garage is also insulated and has a new epoxy coating. No detail was left untouched in these updates! The 2/1 unit next door is a well-maintained blank canvas for the next owner to mirror the renovated side, keep as is, or make your own! With the inclusion of a one-car garage for each unit, a paved driveway, and a shelled driveway, accommodating multiple cars, golf carts, and/or boats is a breeze! The roof is 2015 (contiguous), 2023/2021 water heater, 2021/2019 A/C. One water softener is included. Irrigation is in place too! Step outside to the expansive, peaceful courtyard waiting to be transformed into your own private hangout or outdoor retreat. Imagine lazy afternoons spent basking in the Florida sunshine or entertaining guests in this idyllic setting. No rental restrictions and no HOA fees mean you have the freedom to capitalize on the property's income potential or make this your family's own personal sanctuary. Don't let this opportunity slip away. Schedule your showing today and embrace all the amazing benefits of owning the perfect multifamily property on the beach
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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 | $1,120,000 | $1,120,000 | $1,120,000 |
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 | $756 | $756 | $756 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,546 | $7,358 | $9,911 |
Total Monthly Payment | $8,427 | $8,239 | $10,792 |
* 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.