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5 Bedrooms | 4 Bathrooms – Exceptional Investment Opportunity in St. Pete Beach
This property is nearing completion on the remodeling of the two first-floor apartments, including new bathrooms, cabinets, two new electrical panels, completely new wiring, and all-new outlets. All work has been done and guaranteed by licensed contractors. The owner is willing to assist with closing costs for the buyer.
Located in one of the nation’s most celebrated beach destinations, renowned for its soft, powdery sand and serene, crystal-clear waters, this exceptional multi-unit property presents a rare investment opportunity with both immediate returns and long-term value.
This well-maintained fourplex features four distinct units within a single, solid-block building, offering significant savings on insurance costs. Each apartment has its own electric meter, ensuring tenant autonomy and simplifying property management. The sprinkler system is fully operational, reflecting the high maintenance standards upheld by the current owners, who have resided on-site for many years.
The property includes:
• Three 1-bedroom, 1-bathroom units, two of which are rented short-term, while the third has been occupied by a long-term tenant for over 10 years.
• One 2-bedroom, 1-bathroom unit, currently serving as the owner's private residence.
• Potential for a fifth apartment in the garage, already equipped with two drains for a bathroom and kitchen, offering an additional revenue stream.
This is a turnkey investment in a premier St. Pete Beach location, ideal for capitalizing on one of Florida’s most sought-after coastal markets. Don’t miss this chance to acquire a high-quality, income-generating property in a prime beachside setting!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,125,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $900,000 | $900,000 | $900,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.739% | 6.560% |
Monthly Tax Payment | $913 | $913 | $913 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,468 | $5,763 | $7,778 |
Total Monthly Payment | $6,506 | $6,801 | $8,816 |
* 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.