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Investor special in the historic heart of South Seminole Heights! This spacious 3-bedroom, 1-bathroom Craftsman bungalow offers nearly 2, 000 sq ft of potential-packed living space on a 5, 800 sq ft lot. Built in 1926, the home features original hardwood floors and a fireplace—ready to be restored to its former glory. The open layout includes a generous family room, formal dining, and an enclosed front porch. Just one block from the Hillsborough River and outside the flood zone, this property is perfectly positioned near parks, local hotspots, and downtown Tampa. No HOA or CDD means fewer restrictions and more flexibility. A detached shed in the backyard offers additional storage or the opportunity to be converted into an income-producing ADU or in-law suite, a huge value-add! Whether you're flipping or building your rental portfolio, this is a golden opportunity to invest in one of Tampa’s most desirable historic neighborhoods. Act fast—this one won’t last!
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Our Executive Mortgage Banker:
Our Insurance Division:
$395,000
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 | $316,000 | $316,000 | $316,000 |
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 | 6.995% | 7.050% | 6.132% |
Monthly Tax Payment | $495 | $495 | $495 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,971 | $2,076 | $2,645 |
Total Monthly Payment | $2,541 | $2,646 | $3,215 |
* 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.