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Virtually Staged. Opportunity knocks in Edgewater! This full duplex in Florida Shores offers the perfect setup for an owner-occupant, multi-generational living arrangement, or residential income opportunity. Each side features 3 bedrooms, 2 baths, and approximately 1, 200 square feet, giving you a total of approximately 2, 400 heated square feet on three lots. Live in one side and rent out the other to help offset a large portion of your monthly mortgage payment, or lease both sides for long-term income. The layout provides two separate living spaces, each with its own kitchen, living area, bedrooms, and baths, creating flexibility that is hard to find in this price range. Edgewater continues to be a popular southeast Volusia location known for its laid-back coastal lifestyle, access to the Indian River, nearby parks, boat ramps, fishing, local restaurants, shopping, and quick access to New Smyrna Beach, US-1, and I-95. Whether you are looking for a place to call home while building equity, space for extended living, or a property with income potential, this duplex offers a smart path forward. With two spacious 3-bedroom, 2-bath units, a larger three-lot setting, and pricing designed to attract attention, this one deserves a serious look. Priced to sell and not expected to last. Buyer to verify zoning, rental use, measurements, condition, and all information important to buyer.
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Our Executive Mortgage Banker:
Our Insurance Division:
$325,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $260,000 | $260,000 | $260,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.230% | 6.512% | 5.866% |
| Monthly Tax Payment | $338 | $338 | $338 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,538 | $1,622 | $2,142 |
| Total Monthly Payment | $1,951 | $2,035 | $2,555 |
* 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.