|
Perfectly situated on the corner of Palm Street and Edington Place, this exceptional 2-unit property in Old Marco offers a rare opportunity for investors, or buyers, seeking flexible living options. The residence features (2) fully furnished units: Unit A has all the amenities and awaits potential remodel, if desired; Unit B is bright and fully remodeled and ready for prime income, if desired
Both units have a spacious layout with a one-of-a-kind floor plan ideal for generating rental income, creating a family compound, or living in one unit, while renting the other. Each unit has access to a private garage. Both units sit upon professional landscaping, which enhances both curb appeal and privacy, while the pool and water access beckon the Florida lifestyle experience, especially with direct access to the Gulf of America. Each unit offers excellent canal views and frequent osprey activity.
Unit A includes 2 bedrooms with private balconies, 2 bathrooms, and a loft with a full laundry room, kitchen, dining and living room with balcony.
Unit B is newly remodeled, including quartz counters, tile floors, wine-cooler, washer & dryer. 3 bedrooms, 4 balconies, 2 bathrooms, galley kitchen, ample living room and dining area.
Additional highlights include four separate A/C units along with individual water and power connections for each unit, 6+ parking spaces (including 2 private garages). Large walk-out basement with storage cabinets, and 2 air-conditioners allow for ample storage or wreck-room. Offering exceptional versatility and strong investment potential, this Old Marco property is within walking distance to shops and restaurants, including the famous Snook Inn and stands out as a true gem, waiting for the unique buyer.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,895,000
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 | $1,516,000 | $1,516,000 | $1,516,000 |
| 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 | $1,101 | $1,101 | $1,101 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,371 | $8,847 | $12,387 |
| Total Monthly Payment | $9,596 | $10,072 | $13,612 |
* 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.