1743 Yale St S, Saint Petersburg, FL 33712
5 beds · 2 baths · 1,656 sqft
Turnkey Multi-Family Oasis Near the Beach Welcome to your turnkey investment opportunity in sunny St. Petersburg! Nestled just steps away from the beach, this impeccably renovated multi-family home offers the perfect blend of coastal charm and investment potential. With great tenants already in place, this property is a hassle-free addition to any portfolio. This property consists of a front house and an accessory dwelling unit (ADU). The front house features a spacious 3 bedrooms, 1 bathroom layout, recently renovated with modern finishes. Bright and inviting living spaces await, including an updated kitchen with stainless steel appliances. After a day of beach adventures, retreat to the tranquil bedrooms for relaxation. Ideal for families or groups seeking a beach getaway, this unit also boasts solar panels for both environmental sustainability and reduced electricity bills. The ADU, located separately in the back, offers a cozy 1 bedroom, 1 bathroom layout. Perfect for guests, in-laws, or rental income, this unit features a private entrance for added privacy. Inside, find a fully equipped kitchenette and a comfortable living area. The bedroom provides ample storage options and also benefits from solar panels to maximize energy efficiency and minimize utility costs. Key features of this property include turnkey status with excellent tenants already in residence, a roof and A/C system replaced in 2021 for worry-free ownership, low-maintenance exterior, and abundant parking space for residents and guests. With close proximity to shopping, dining, and entertainment options, this St. Petersburg multi-family home offers convenience and comfort in equal measure. Whether you're a seasoned investor or seeking your own beachside retreat, don't miss out on this opportunity. Schedule your showing today and secure your slice of coastal paradise!
Source: STELLAR #o6193360
Source: STELLAR #o6193360
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
MLS ID: #o6193360
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.