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Presented by
Jeanne Grills |
This is a rare opportunity! Just steps from the beach and adjacent to a high-performing Airbnb property, this modest yet versatile duplex offers exceptional rental potential. Each unit features 2 bedrooms and 1 bathroom, currently leased to long-term tenants. With ample parking, solid construction, and easy access to shops, restaurants, and Vanderbilt Beach, this property is ideal for investors seeking steady cash flow or those interested in converting to short-term rentals. Shared driveway access with the adjacent triplex enhances curb appeal and opens the door to a rare multi-property ownership opportunity. The seller of this property would prefer to sell it as a package with 541 94th Ave N (MLS 225065565). This is a unique opportunity to own two neighboring properties totaling five rentable units just minutes from the sand. The properties share a driveway and offer a flexible mix of short and long term rental configurations. Live in one unit and let the others pay the mortgage, or continue operating all five units as income-producing rentals. Recent upgrades across both properties include new systems, a new roof, and updated interiors, making this a turnkey acquisition for savvy investors. Prime location with walkable access to Vanderbilt Beach and high demand for both STR and LTR options makes this a compelling long-term hold or 1031 exchange candidate.
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Our Executive Mortgage Banker:
Our Insurance Division:
$825,000
Luxury Properties Specialist
William Raveis Real Estate
Phone: 860.912.1221
Jeanne.Grills@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $660,000 | $660,000 | $660,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.440% | 6.110% | 5.952% |
| Monthly Tax Payment | $626 | $626 | $626 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,799 | $3,957 | $5,481 |
| Total Monthly Payment | $4,517 | $4,675 | $6,199 |
* 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.