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TWO Income-Producing Properties, One Amazing Opportunity! This unique corner-lot package includes two CB 2-bedroom, 1-bath homes being sold together – ideal for investors, multi-generational living, or those looking to live in one and rent the other! Situated on a spacious 140x105 lot, Unit 577, boasts a brand-new roof, new HVAC system, and an all-new screened-in L-shaped lanai, that expands your functional living space and adds serious curb appeal. Inside, enjoy ceramic tile flooring throughout, a cozy living room that flows into the kitchen and eat-in area. The ample-sized bedrooms share a tub/shower combo bathroom with a linen closet. Storage won’t be an issue thanks to two additional hallway closets and a utility closet with washer/dryer hookup. The L-shaped screened lanai offers dual access, with a 19x10 lower level off the kitchen and a 5x13 upper level that leads to the front entrance. Unit 585 mirrors the same efficient layout, offering even more flexibility and income-generating potential. 585 features a 2021 roof, A/C compressor replaced 2021, A/H replaced in 2015, duct work replaced in 2018, occupied with long term tenants with lease expiration of 1/31/2026. Whether you’re expanding your portfolio or looking to offset your mortgage, this rare opportunity combines practicality, updates, and prime corner-lot space with a generous backyard. Live in one, rent the other. Rent both. Short term or long term—your strategy, your gain!!
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Our Executive Mortgage Banker:
Our Insurance Division:
$375,000
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 | $300,000 | $300,000 | $300,000 |
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 | $255 | $255 | $255 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,896 | $1,971 | $2,511 |
Total Monthly Payment | $2,226 | $2,301 | $2,841 |
* 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.