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Two Homes, One Lot – Prime Investment Opportunity in St. Petersburg A rare opportunity in the Lake Euclid neighborhood – two separate homes on a shaded corner lot, offering 1, 683 total square feet of living space. Whether you’re looking for a multi-generational living setup or a chance to live in one unit while generating rental income from the other, this property is full of potential. ___________________________________________________________________________________________________________________ HOME 1: 2 Bed | 1 Bath | 693 Sq Ft (Occupied) * Living Room – Tile flooring, two large windows, wall unit A/C * Kitchen – Tile flooring, double-basin sink, refrigerator, range * Bedroom 1 – Built-in closet, tile flooring, ceiling fan, window unit A/C * Bedroom 2 – Ceiling fan with light kit, built-in closet, tile flooring * Bathroom – Tiled tub/shower combo, mirrored vanity with storage * Laundry Room – Includes washer, dryer, and shelving UPDATES: HOME 1 The roof was last redone in June 2016 - Frigidaire AC was replaced in May 2024. ____________________________________________________________________________________________________________________ HOME 2: 3 Bed | 1 Bath | 990 Sq Ft (Vacant) * Spacious Living Room (17. 9 x 20. 1) – Open-concept, neutral tones, carpet * Kitchen – Laminate flooring, refrigerator, range, bright and airy layout * Primary Bedroom – Carpet, built-in closet * Bedrooms 2 & 3 – Carpet, built-in closets * Bathroom – Tiled tub/shower combo, mirrored vanity with storage * Laundry Room – Washer, dryer, laminate flooring * Fenced Backyard – Private outdoor space UPDATES: HOME 2 - Roof was just redone in November 2024 - AC Package unit was replaced December 2023 - Fridge was replaced June 2024 - Flooring redone August 2022 ___________________________________________________________________________________________________________________ Location Perks: 5 minutes to downtown St. Pete – easy access, 10 minutes to USFSP, Close to I-275 & 22nd Ave – convenient commuting routes, 20-25 minutes to the beach, parks & walkable areas nearby – great for biking and outdoor activities, quiet neighborhood with minimal through traffic. This property is a value-packed investment in a high-demand area. Schedule a tour today and explore the possibilities!
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Our Executive Mortgage Banker:
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$415,000
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
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $332,000 | $332,000 | $332,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.037% | 6.046% |
Monthly Tax Payment | $294 | $294 | $294 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,071 | $2,181 | $2,757 |
Total Monthly Payment | $2,440 | $2,550 | $3,126 |
* 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.