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Discover an exceptional investment opportunity in the heart of St. Petersburg! This unique property offers a quarter of an acre with two lots on one parcel, zoned for multi-family use – presenting a wealth of possibilities for investors or those seeking flexible living arrangements.
The main residence is a spacious home boasting almost 1900 sq ft of comfortable living space. Step onto the inviting covered front porch and imagine relaxing in the Florida sunshine. Inside, you'll find four generously sized bedrooms and two bathrooms, perfect for a growing family or accommodating guests. The heart of this home is the large, well-appointed kitchen, featuring sleek stainless steel appliances, elegant granite countertops, and an abundance of counter space for all your culinary endeavors. A charming window over the kitchen sink offers a view of the front yard, allowing you to keep an eye on things.
The entryway welcomes you into a large, versatile room that flows seamlessly into an oversized living room, creating an ideal space for entertaining and everyday living. The home features a desirable split floor plan, offering privacy and tranquility. The back room provides flexibility as a fourth bedroom, a home office, or a craft room, and includes an oversized closet with convenient washer and dryer hookups. The main house also benefits from its own private driveway, providing ample parking.
Adding even more value to this remarkable property is a separate second home, offering almost 600 sq ft of living space. This charming unit features one bedroom, one bathroom, a full kitchen, a comfortable dining area, and a welcoming living room. Enjoy the Florida weather year-round in the screened-in lanai. The second home also has its own dedicated parking area, ensuring convenience and privacy for its occupants.
Located in vibrant St. Petersburg, this property offers easy access to the city's renowned attractions, including beautiful beaches, top-rated restaurants, and a thriving arts and culture scene . With multi-family zoning, this property is not just a home; it's an investment in your future, offering potential rental income or the perfect setup for multi-generational living.
Don't miss this incredible opportunity to own a truly unique property in a sought-after St. Petersburg location. Schedule your private showing today and explore the endless possibilities that await!
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William Raveis Real Estate
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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 | $559,200 | $559,200 | $559,200 |
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% | 7.025% | 6.132% |
Monthly Tax Payment | $820 | $820 | $820 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,535 | $3,674 | $4,681 |
Total Monthly Payment | $4,447 | $4,586 | $5,593 |
* 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.