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Welcome to 1010 Oakhill Street in Seffner, Florida—a rare and versatile home nestled on a quiet street in the heart of Hillsborough County. This spacious 1, 908 sq ft two-story home, built in 1985, is currently configured to accommodate up to five tenants and is already generating $3, 150 in monthly rental income with four tenants in place and a potential to add a 5th in the studio for an additional $900 bringing it to $4, 050 a month in rental income. With an additional space ready for occupancy, there's immediate potential to boost your cash flow. The property features four bedrooms and 2. 5 bathrooms, making it ideal for a multi-tenant setup. The main floor boasts a grand formal living room with updated flooring and a custom spiral staircase leading to the upper level. The kitchen, equipped with all stainless steel appliances and simulated granite countertops, is perfect for chefs of all skill levels. A spacious dining room with a convenient guest bathroom and a large laundry room cater to everyday needs. The 12x25 in-law suite with a full bathroom and separate entrance provides comfort and privacy. Additionally, a 12x25 finished room serves as an office or potential in-law suite, complete with a private entrance, full bath, kitchenette area and new plumbing. Upstairs, the expansive Primary suite features wood laminate flooring, and a ceiling fan. Secondary bedrooms also offer laminate flooring and ceiling fans as well. The oversized two-car garage includes a workshop area, or a nice covered area to park your cars. Situated on a 5, 350 sq ft lot with chain-link fencing, the property is zoned RDC-6 and benefits from a well and septic system, keeping utility costs low. AC and water heater are only 3 years old. This home also comes with 4 refrigerators. Located within half a mile of shopping, restaurants, schools, and medical facilities, this home offers both convenience and tranquility. Don't miss this exceptional opportunity to own a property that combines immediate rental income with long-term potential. Schedule your private showing today and explore the possibilities that 1010 Oakhill Street has to offer
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Our Executive Mortgage Banker:
Our Insurance Division:
$370,000
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 | $296,000 | $296,000 | $296,000 |
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 | 7.058% | 7.063% | 6.132% |
Monthly Tax Payment | $354 | $354 | $354 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,871 | $1,945 | $2,478 |
Total Monthly Payment | $2,300 | $2,374 | $2,907 |
* 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.