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Located in the revitalizing Lealman community of Saint Petersburg, Florida, this residential income duplex presents an outstanding investment opportunity. The property benefits from its prime location with easy access to major roadways, public transport, downtown St. Pete, and beautiful beaches. The duplex has been meticulously maintained with numerous updates made to essential features, including appliances, bathrooms, flooring, and major systems like cooling/heating units and the roof. With inside laundry hookup, ample parking, and a spacious yard, it is highly appealing to potential tenants. Additionally, it lies within a non-evacuation zone, eliminating the need for costly flood insurance. Positioned in the Lealman Community Redevelopment Area, the duplex is poised for value appreciation. Whether you're looking to maximize your ROI through higher rents or considering a conversion to a Short Term Rental, this property offers both cash flow potential and future growth. Seize this chance to buy in this walkable neighborhood rich with community amenities including lake trails, parks, YMCA, Publix Super Market & many restaurants. Ask your real estate agent for the video walkthrough and proforma. Do not disturb occupants. Disclosure: this is an As-Is sale by a non-occupant owner. Buyer to verify all details within MLS, marketing brochures, and Realtor-provided documents. Don't miss out on this stable cash flowing property; Buy and Hold today!
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William Raveis Real Estate
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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 | $287,200 | $287,200 | $287,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.063% | 6.132% |
Monthly Tax Payment | $327 | $327 | $327 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,792 | $1,887 | $2,404 |
Total Monthly Payment | $2,194 | $2,289 | $2,806 |
* 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.