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Seize this incredible beachside investment opportunity—just under a mile from the shore—featuring not one, but two beautifully remodeled homes on the same property. Whether you’re looking for a primary residence with rental income or a high-performing vacation rental, this versatile setup offers the perfect blend of comfort and cash flow potential. The front home boasts a thoughtfully designed 2-bedroom, 1-bathroom layout, complete with a full-sized kitchen featuring modern appliances and stylish finishes. A dedicated laundry room, equipped with a washer and dryer, adds to the home’s convenience. The back house is a charming 1-bedroom, 1-bathroom retreat, featuring a full-sized kitchen and a spacious porch—ideal for enjoying the coastal breeze. Perfectly positioned near the beach, the river, and a variety of local restaurants and entertainment, this property offers the best of beachside living. Whether you choose to live in one home and rent out the other or maximize income potential by leasing both, this fully updated investment is a rare find in a prime location. Roof 2016, new hot water heater in front home, AC brand new in front home and new mini split in the back house. All information deemed accurate but cannot be guaranteed.
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Our Executive Mortgage Banker:
Our Insurance Division:
$369,000
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 | $295,200 | $295,200 | $295,200 |
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 | $412 | $412 | $412 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,842 | $1,939 | $2,471 |
Total Monthly Payment | $2,329 | $2,426 | $2,958 |
* 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.