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Versatile income-producing triplex in the heart of St. Petersburg! This well-maintained property offers three separate units, each with private entrances and designated living spaces. Currently fully leased with excellent long-term tenants, providing immediate cash flow for investors. All units have been updated within the last 4 years and are renting at or just below market value. Unit 1 features 1 bedroom and 1 bathroom with a screened in front porch and an outdoor patio section. Unit 2 is a cozy studio with modern finishes and plenty of countertop space. Unit 3 is another stylish studio with a generous fenced in backyard. Each unit is separately metered and tenants pay for their own electric, cable and internet services. Whether you're looking for a long-term rental investment or desire a property with the option for short-term AirBNB potential, this triplex delivers steady cash flow and strong cap rate in a sought after location—Call to schedule a showing today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$439,000
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 | $351,200 | $351,200 | $351,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.906% | 7.025% | 6.026% |
Monthly Tax Payment | $447 | $447 | $447 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,134 | $2,307 | $2,916 |
Total Monthly Payment | $2,656 | $2,829 | $3,438 |
* 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.