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Excellent income-producing opportunity! This impeccably maintained 8-unit building features a new roof (2025), six new A/C units (2025), and two A/C units new in 2023. Interior units have been freshly painted within 1–5 years and are repainted upon move-outs. Income producing coin laundry with two washers and two dryers makes life easy for tenants.
The 8-unit property includes seven units with annual leases in place and one month-to-month unit. Each unit has its own private entrance, with patios on the ground level and balconies on the second floor. There are four one-bedroom/one-bath units and four two-bedroom/one-bath units. Tenants have separate electric meters for each unit. One electric meter and one water meter for owners. Foundation stabilization with chemical grout injections was completed in June 2025 by Geotech to ensure long-term stability. Assigned parking is available for each unit plus guest parking.
Location and lifestyle make this property truly special. Just 0. 7 miles from famous downtown Dunedin, residents enjoy excellent walkability to Saturday markets, festivals, parades, abundant dining options, lively nightlife, breweries, the marina, and the Pinellas Trail for biking and walking. Weekends can be spent at nearby Honeymoon Island with sandy beaches and the turquoise waters of the Gulf of America. With so much activity and experiences right outside your door, this is more than a building—it’s a front-row seat to one of Florida’s most charming and vibrant communities. NOT IN A FLOOD ZONE.
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:
$1,690,000
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 | $1,352,000 | $1,352,000 | $1,352,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.263% | 6.223% | 6.164% |
| Monthly Tax Payment | $1,350 | $1,350 | $1,350 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,890 | $8,215 | $11,409 |
| Total Monthly Payment | $9,365 | $9,690 | $12,884 |
* 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.