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Presented by
Marshall + Ostop Team |
Rarely does an investment opportunity of this caliber and potential hit the market. Located at 615 2nd Ave NE, this solid block duplex, constructed in 1980, offers a unique and highly coveted acquisition for both the astute investor looking to expand their portfolio and the savvy homebuyer seeking to achieve financial independence by offsetting their mortgage. The property features a consistent and highly functional two-bedroom, one-bath configuration on each side. One side is currently tenant-occupied, providing immediate rental income, while the other side has been meticulously maintained by the same owner since 1990, reflecting the pride of ownership and stability that makes this such a standout asset.
The property has been thoughtfully improved to ensure long-term value and peace of mind. Both service electrical panels have been updated, and the roof was replaced and permitted in 2016. Furthermore, unit B has undergone a comprehensive transformation, featuring a complete kitchen remodel with brand-new stainless steel appliances, modern luxury vinyl plank (LVP) flooring, and fresh interior paint throughout. For added flexibility and freedom, the property is situated in a non-flood zone, outside of evacuation zones, and is completely free from the constraints of HOA or deed restrictions.
The location is truly exceptional, placing you within easy walking distance of the expansive Largo Central Park and the rapidly revitalizing downtown Largo district. The neighborhood has been transformed into a vibrant, modern urban hub by the new Horizon West Bay development, an $85 million initiative that has redefined the city's core. The centerpiece of this project is the new City Hall, which serves as an anchor for a walkable, pedestrian-friendly downtown environment that now features a mix of community gathering spaces, local businesses, and popular retail and dining destinations. With continued city investment and significant new developments creating a buzz in the immediate area, securing this property means staking a claim in a growing, dynamic, and high-demand neighborhood. Don’t miss your chance to own a piece of Largo’s bright and expanding future. Tenant and Owner occupied do not approach directly or walk on to property without appointment.
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Our Executive Mortgage Banker:
Our Insurance Division:
$399,990
Sales Associates
William Raveis Real Estate
Phone: 860.748.1845
MarshallOstop@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 970.390.2521
John.Kirkutis@raveis.com
NMLS Mortgage Loan Originator ID 1424716
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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 | $319,992 | $319,992 | $319,992 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.500% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.279% | 6.650% | 5.992% |
| Monthly Tax Payment | $84 | $84 | $84 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,944 | $2,023 | $2,657 |
| Total Monthly Payment | $2,103 | $2,182 | $2,816 |
* 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.