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GREAT INVESTOR PROPERTY FOR 2 RENTAL STREAMS. . . . Or potentially rent out one side and occupy the other. COMPLETELY REMODELED DUPLEX, located just blocks from Madeira Beach. Each unit features 2 bedrooms, 1 bath with identical layouts. This property has been completely restored in the wake of the 2024 hurricanes AND IS MOVE IN READY!! All permits and inspections have been filed and completed. The Kitchens features all new lower cabinets, granite countertops and stainless steel appliances. Both bathrooms includes new vanities, luxury vinyl floors, tile walls and hardware. The renovation project was permitted and inspected, and included new luxury vinyl flooring (NO CARPET), drywall, baseboards and paint throughout. The units have a newer roof, BRAND NEW WATER HEATER and 2 BRAND NEW AC UNITS. Each unit has its own private fenced in backyard separated by a vinyl fence. The unit provides 3 parking spaces and a shared laundry area which has a BRAND NEW WASHER AND DRYER which is perfect for occupants. The exterior has just been painted and landscaped. A short walk to the Gulf's breathtaking white sand beaches and John's Pass. Enjoy all that Madeira Beach has to offer: swimming, sunbathing, fishing, boating and watersports. With easy access to restaurants, shopping, and nightlife this property offers an incredible opportunity to invest in or live in one of Southwest Florida's premiere beach communities.
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Our Executive Mortgage Banker:
Our Insurance Division:
$650,000
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 | $520,000 | $520,000 | $520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.159% | 7.166% | 6.268% |
Monthly Tax Payment | $645 | $645 | $645 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,330 | $3,456 | $4,385 |
Total Monthly Payment | $4,067 | $4,193 | $5,122 |
* 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.