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Come discover this ultimate beauty of an investment property in the heart of Riverside, proximate to 5 points, King St, downtown, and all the central Jax action! Spanning 4 bedrooms and 4 bathrooms over 3 fully remodeled units, this is sure to make for an incredible purchase as a pure investment or house hack opportunity. With financing options as low as 5% down through conventional lending, it's an affordable way to get started. The two upstairs units are currently leased to reliable, long-term tenants at strong market rates, while the spacious ground-floor unit will be vacant for the new owner to occupy or easily rent out, boosting your potential rental income. Given its prime location, excellent condition, and recent updates to both cosmetic features and major systems (newer roof, AC, ductwork and filtration system, water heaters, & updated electrical and plumbing), this property promises strong future appreciation and a hassle-free rental experience. *1% CREDIT TOWARDS CLOSING/BUYER RATE BUY DOWN AVAILABLE w/PREFERRED LENDER
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Our Executive Mortgage Banker:
Our Insurance Division:
$615,000
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 | $492,000 | $492,000 | $492,000 |
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% | 6.152% |
Monthly Tax Payment | $653 | $653 | $653 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,110 | $3,232 | $4,119 |
Total Monthly Payment | $3,855 | $3,977 | $4,864 |
* 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.