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This well-maintained 4-bedroom plus den, 3-bath duplex is situated on a double lot and offers additional rental potential with a separate 1-bed, 1-bath efficiency. Centrally located in a highly sought-after area, it attracts vacationers, full-time residents, and tenants, thanks to its close proximity to area beaches, shopping, schools, and great restaurants. Whether you’re interested in living in one unit and renting the others, or leasing all units for steady income, the possibilities are endless. ?This income-generating property offers immediate rental potential and long-term financial rewards. Recent updates provide peace of mind, including new electrical panels installed in January 2024, new piping throughout completed in October 2023, new A/C installed in February 2022, and a new roof completed in April 2022. As an added bonus, this property is not located in a flood zone. Don't miss out on the opportunity to own this versatile and lucrative property!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,099,000
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 | $879,200 | $879,200 | $879,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.911% | 6.764% | 6.666% |
Monthly Tax Payment | $726 | $726 | $726 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,413 | $5,630 | $7,659 |
Total Monthly Payment | $6,264 | $6,481 | $8,510 |
* 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.