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Beautifully updated duplex in the heart of Clearwater offering an exceptional opportunity for investors and owner-occupants alike. Live in one unit while generating income from the other, or maximize cash flow with two rental units. This building would make a great short term vacation rental because of the short drive to the crystal blue waters of Clearwater beach. The property stays almost always fully rented. If a unit does become open it is quickly rented because of the location and attractive street that it is on. The property features updated kitchens and bathrooms, including stone countertops, modern cabinetry, and stylish finishes throughout. One unit offers a spacious one-bedroom, one-bath layout with an extra enclosed room that is ideal for a home office, dining area, hobby room, or flex space. The large kitchen is equipped with modern appliances and includes a generous full pantry with a door, providing abundant storage and functionality. New breaker boxes installed a few years ago. Water and power are separate for each unit and paid by the tenant. Ideally located just a short drive from Clearwater’s world-famous beaches, this property enjoys strong rental demand and a proven history of consistent occupancy. The owner can provide a long track record of successful consistent tenant rentals, making this an attractive addition to any investment portfolio. Unlike many duplex properties, this well-maintained building is situated on a charming street lined with attractive homes featuring manicured lawns and pride of ownership throughout the neighborhood. A recent newly constructed home nearby further enhances the area’s appeal and value. Having been owned and carefully maintained by only two owners, this duplex presents a rare opportunity to acquire a turnkey income-producing property in a highly desirable Clearwater location.
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Our Executive Mortgage Banker:
Our Insurance Division:
$459,995
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 | $367,996 | $367,996 | $367,996 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.952% |
| Monthly Tax Payment | $242 | $242 | $242 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,204 | $2,324 | $3,056 |
| Total Monthly Payment | $2,521 | $2,641 | $3,373 |
* 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.