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Here’s your chance to own property in Historic Uptown with multiple units. This property can be used as an investment duplex with 1 bedroom 1 bathroom apartment upstairs plus a similarly sized studio on the ground floor, or use the whole space as a 2 bedroom 2 bathroom home. A brand new roof was installed early 2025 and also brand new tile floors in the downstairs unit. A sleeping porch in the upper unit is a great reading spot or can be used as an office. The zoning allows the addition of a new home in the front while keeping the current property rented; an ideal scenario to build your dream home. This property also includes a 2 car garage in the back with alleyway entrance and a very long driveway in the front to fit however many cars one needs. This income producing property has so much value just in the land! Rent both units while building a brand new home in one of the best neighborhoods of St Pete where land is super limited. Walk, bike, or drive to downtown. Popular Crescent Lake Park is right around the corner and has tennis and pickle ball courts. Non-evacuation zone, no flood insurance required, no HOA, alley access.
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Our Executive Mortgage Banker:
Our Insurance Division:
$499,900
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 | $399,920 | $399,920 | $399,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.083% | 7.063% | 6.152% |
Monthly Tax Payment | $605 | $605 | $605 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,528 | $2,627 | $3,348 |
Total Monthly Payment | $3,208 | $3,307 | $4,028 |
* 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.