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This distinctive triplex, located just a few blocks from the breathtaking St. Pete Beach, offers a unique opportunity for prospective buyers. Its versatile layout accommodates various uses, functioning either as a turnkey three-unit monthly rental or as a residence where the owner can occupy the main house while leasing the adjacent duplex. 2025 gross income was $110, 000.
The surrounding neighborhood promotes a vibrant community atmosphere, with local cafes, shops, and parks all within easy walking distance. Characterized by charming architecture and an inviting exterior, the triplex exudes warmth and character. The thoughtfully designed interior features open-concept living areas that flow seamlessly, while expansive windows allow natural light to fill the rooms, creating a bright and airy ambiance.
Recent enhancements to the detached unit include new sunroom windows, comprehensive interior painting, and modern lighting throughout the property. The main house bathroom has undergone a complete renovation, showcasing new tile, toilets, and fixtures. Additional updates include new ceiling fans and light fixtures that contribute to a contemporary aesthetic. Unit 1 boasts improved lighting, freshly painted walls, and updated bathroom finishes, complemented by the highly coveted terrazzo flooring. Unit 2 has been entirely renovated, featuring fresh paint, updated tile, and new completely bathroom.
The exterior and grounds have been thoroughly transformed, with completely updated landscaping that includes new plants, decorative rocks, and seashell accents. A brand-new fence encloses the property, while sealed cement landscaping provides a clean and durable finish. Enhanced sprinkler and irrigation systems have been installed, accompanied by new landscape lighting with programmable timers. The exterior has been freshly painted, and the front posts have been updated. Additionally, new composite decks have been constructed at the front and back of Studios 1 and 2, complete with a modern grilling setup.
An ongoing semi-annual pest control service is in place and can be transferred to the new owner. The electrical panels have been replaced and upgraded within the last 24 months, and the main plumbing line has been replaced with new PVC, with all plumbing systems updated. New hot water tanks and air conditioning units have also been installed for Studios 1 and 2. The property includes all furnishings and is equipped with keyless smart locks, as well as a security system.
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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Our Executive Mortgage Banker:
Our Insurance Division:
$1,250,000
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
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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 | $1,000,000 | $1,000,000 | $1,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.046% | 5.846% | 5.700% |
| Monthly Tax Payment | $816 | $816 | $816 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,522 | $5,836 | $8,171 |
| Total Monthly Payment | $6,463 | $6,777 | $9,112 |
* 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.