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Welcome home to this beautifully maintained 3-bedroom, 2-bathroom residence in the desirable Allegro Palms community. Offering 1, 220 square feet of heated living space (1, 304 total), this home features a functional split floor plan with rich hardwood floors throughout and tile in all wet areas. High ceilings create an open, airy feel, while granite countertops in the kitchen and custom built-in shelving in the dining and living rooms add both style and storage. The washer and dryer convey with the home. HOA dues of $598. 21 per month provide exceptional value, covering exterior upkeep, common area maintenance, community amenities, an onsite property manager, water, trash, sewer, and pest control, making for a truly low-maintenance lifestyle. This property is currently tenant occupied, generating $2, 095 per month on a month-to-month lease, making it an excellent turnkey opportunity for investors. The current tenant would like to remain and is open to signing a new lease with a purchasing investor. With a current NOI of $14, 861 annually, this property offers a strong 7. 43% ROI at the asking price. Allegro Palms is a well-established, largely investor-owned community with a strong base of leased properties, making this an ideal addition to any rental portfolio. This gated community, with one main entry and two exits, offers an impressive lineup of amenities, including two swimming pools (the main pool behind the clubhouse and a second pool at the rear of the community), a fitness center with an attached kids' playroom, tennis and pickleball courts, a playground, a dog park, a movie theater and business center inside the clubhouse, and an onsite car wash center. Ideally situated near I-75 and the Crosstown Expressway via Highway 301 and Bloomingdale Avenue, this location offers convenient access to Tampa, Brandon, and surrounding areas. Don't miss this opportunity to own in Allegro Palms.
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Our Executive Mortgage Banker:
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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 | $159,920 | $159,920 | $159,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.640% | 5.972% |
| Monthly Tax Payment | $223 | $223 | $223 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $972 | $1,010 | $1,328 |
| Total Monthly Payment | $1,270 | $1,308 | $1,626 |
* 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.