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Under contract-accepting backup offers. Attention all investors and future homeowners! Don't miss the opportunity to own 3610 Phillips Street, a updated and cash-flowing duplex located in a highly desirable Tampa neighborhood. This hassle-free, income-generating property is an ideal addition to your rental portfolio or a perfect home for those seeking extra income. The duplex features two units, each offering 2 bedrooms, 1 bathroom, and 650 sqft of living space. Both units have been fully updated, with Unit A receiving a new bathtub, toilet, vanity, A/C unit, and ceiling fan, while Unit B has a new stove, flooring, and fresh paint. Tenants will appreciate the private outdoor space, with fenced-in backyards for each unit, and the convenience of dedicated parking spots right in front of the property. With updated exteriors and interiors, the property offers low maintenance and reduced future expenses. Located in a high and dry area, this property is not in a flood zone and has never sustained hurricane damage, providing peace of mind for any investor. Its prime Tampa location also offers easy access to schools, shopping, dining, and transportation, ensuring a desirable rental experience and solid investment potential. Act now to take advantage of the steady cash flow potential, long-term tenant appeal, and high demand for rentals in this prime location. Secure this reliable, income-producing property today—contact us now to learn more or schedule a tour!
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Our Executive Mortgage Banker:
Our Insurance Division:
$329,900
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 | $263,920 | $263,920 | $263,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.019% | 7.050% | 6.152% |
Monthly Tax Payment | $239 | $239 | $239 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,647 | $1,734 | $2,209 |
Total Monthly Payment | $1,961 | $2,048 | $2,523 |
* 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.