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Fully Updated Investment Opportunity - 110-112 Gloucester Boulevard
Welcome to a rare and versatile real estate opportunity in the heart of Sun City Center. This duplex offers a unique combination of immediate cash flow and long-term security, making it a perfect fit for a savvy investor or a homeowner looking for a high-value residency. This property has undergone significant capital improvements, ensuring that the new owner can enjoy a low-maintenance experience from day one.
Major Systems and Upgrades
The property has been meticulously maintained and modernized to provide peace of mind. A brand-new roof has been installed, and the HVAC system is new, removing the two most common high-ticket concerns for any buyer. The interior has been fully updated throughout, featuring modern finishes that appeal to high-quality tenants and homeowners alike.
Exceptional HOA Value
One of the most compelling aspects of this property is the inclusive Homeowners Association. At a monthly fee of only 704, the HOA handles almost every logistical and financial burden associated with property ownership. The fee covers water, sewer, trash, basic cable, high-speed internet, pest control, landscaping, and exterior maintenance. This simplifies your accounting significantly, as the only utility the owner or tenants are responsible for is the electric bill.
Proven Income and Stability
The property consists of two separate units, offering a diversified income stream. Unit 112 provides immediate stability, as it is occupied by a reliable, long-term tenant who is now entering their third year of residency. This proven history of occupancy reduces the risk of turnover and demonstrates the high demand for quality rentals in this specific corridor of Sun City Center. Unit 110 is vacant and move-in ready, allowing the new owner to either place a new tenant at current market rates or occupy the unit personally while the neighboring unit helps pay the mortgage.
Prime 55+ Location
Situated in Florida's premier 55+ community, residents have access to an incredible array of amenities including world-class fitness centers, multiple pools, and over 200 social clubs. The property is golf-cart accessible to local shopping, dining, and medical facilities, making it a highly desirable location for the active adult demographic.
Whether you are looking for a reliable rental property with established tenancy or a multi-generational living solution with a new roof and new HVAC, 110-112 Gloucester Boulevard stands out as the premier choice in the current market. Contact us today to schedule a private tour and review the income potential of this turn-key duplex.
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Our Executive Mortgage Banker:
Our Insurance Division:
$354,900
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 |
|
|---|---|---|---|
| Loan Amount | $283,920 | $283,920 | $283,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.866% |
| Monthly Tax Payment | $194 | $194 | $194 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,702 | $1,771 | $2,339 |
| Total Monthly Payment | $1,971 | $2,040 | $2,608 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.