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Prime income-producing duplex in Oldsmar offering strong returns and true turnkey condition. This fully renovated property at 3664 Meriden Ave features two 2-bedroom, 2-bath units, each extensively upgraded with modern, low-maintenance finishes designed to attract and retain quality tenants.
Both units have been remodeled from top to bottom, minimizing near-term capital expenditures and providing immediate operational efficiency. Updates include a new roof to be installed prior to closing, new windows and sliders, new subfloors, new luxury vinyl flooring, new tall baseboards, both contemporary kitchens with brand new cabinets, quartz countertops, tile backsplash, new faucets, new SS microwave, the renovated baths include new flooring, fixtures, new vanities, new stone countertops, new lighting, new bath fans, new tile work in the shower and new tub and tile work, the bedrooms have new lighting and ceiling fans and new closet doors that are paired with fresh interior finishes of new texture and paint throughout—positioning the asset competitively within the local rental market.
Located in a high-demand rental corridor, the property supports projected rents of $1, 795 per unit, delivering solid cash flow potential with upside through continued rent growth. Ideal for investors seeking a stabilized asset with minimal deferred maintenance and strong tenant appeal.
Strategically positioned near major employment hubs, retail, and commuter routes, this duplex benefits from consistent rental demand and long-term appreciation potential. Perfect for both seasoned investors and those looking to enter the multifamily space with a low-maintenance, high-demand asset.
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Our Executive Mortgage Banker:
Our Insurance Division:
$399,900
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 | $319,920 | $319,920 | $319,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.301% | 6.500% | 5.691% |
| Monthly Tax Payment | $384 | $384 | $384 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,892 | $1,996 | $2,612 |
| Total Monthly Payment | $2,351 | $2,455 | $3,071 |
* 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.