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SEIZE A PREMIER INVESTMENT OPPORTUNITY with this TURNKEY, CASH-FLOWING TRIPLEX located in a highly sought-after Clearwater/Dunedin corridor, offering IMMEDIATE RETURN thanks to its 100% occupancy and history of LONG-TERM RENTERS (including one for 20 years!), making it an ideal 1031 exchange target. This well-maintained property provides RARE PEACE OF MIND as it is situated COMPLETELY OUTSIDE designated Flood and Evacuation Zones, potentially lowering insurance costs, and boasts a NEWER ROOF (replaced 2018) along with major mechanical updates: TWO BRAND NEW AC UNITS AND HANDLERS in Units A and B were replaced in 2023, with Unit C's AC replaced in 2018. The property shines with recent updates like newer toilets and vanities, kitchen/bath enhancements in Units A and B, and a FRESHLY PAINTED Unit A. All three spacious units feature desirable amenities for tenant retention, including individual storage rooms with laundry hookups. Sliding glass doors lead to private, SCREENED LANAI porches, and private outdoor patio space, all nestled in a location that offers UNPARALLELED CONVENIENCE to shopping, dining, Countryside Mall, and the vibrant charm of HISTORIC DOWNTOWN DUNEDIN. DON'T MISS THIS CHANCE to acquire a low-maintenance, income-producing asset with MAJOR CAPITAL EXPENDITURES ALREADY HANDLED in one of Tampa Bay's most desirable areas.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$689,900
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
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $551,920 | $551,920 | $551,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.419% | 5.668% |
| Monthly Tax Payment | $573 | $573 | $573 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,265 | $3,398 | $4,473 |
| Total Monthly Payment | $3,930 | $4,063 | $5,138 |
* 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.