3114 Dupont St S, Gulfport, FL 33707
4 beds · 3 baths · 1,984 sqft sqft
3114 & 3116 Dupont Street. New -$30K Price Improvement!!! This Fabulous Gulfport Duplex (+1) features a total of 3 residential living units. This fully updated multi-family property is by definition "turn-key" and just waiting for you!!! Currently zoned as a "Duplex" with a separate additional 2-Bed, 1-Bath Living area above the 2-Car Garage. Note: The Finished 3rd Living area above the Garage includes an additional 700 SqFt of "Living Space" that is not currently reflected in the Public Records. The street level (ground floor) Duplex, units 3114 and 3116 feature Two 1 Bedroom & 1 Bathroom Units. Clean & Spacious with Tile Flooring throughout (See ALL Upgrades Listed Below). The custom remodeled 2-Bed, 1-Bath Additional Living space above the garage is currently occupied by the owners and shares the same street/mailing address as the ground floor unit 3114 (address on left side). Both units can be featured as short term (rental) income properties for seasonal "guests" or a new owner can occupy one of the units. This fantastic property offers tremendous Living and income opportunity in one of the more sought after beach communities of Tampa Bay. This Duplex (+1) is a short stroll to the Gulfport Beach Park and Rec Center on Boca Ciega Bay. Close to all the shops, cafes and restaurants. This property features a Large Two Car Garage with the Additional Living Unit located above the garage. Located in the eclectic and quaint Gulfport Waterfront and Art District (The Dunedin of South Pinellas County), one Block to the Boulevard Lined with Restaurants, Bars, Shops, and Of Course, the Beautiful Waterfront & Historic Casino. Sand Volleyball, Playground & Fishing Pier with a Boat Marina nearby. Unit 3114 is currently Homesteaded as the Sellers live in the Additional Space upstairs. Unit 3116 is rented annually and the downstairs unit next door that shares the same address with the upstairs living space is available for short term, seasonal "guests". Income options for the entire space (all 3-Units) could range from VRBO/AirBnB to longer term rentals. Recent Updates include a New Metal Roof: $30k, New privacy PVC fence, New ceiling in garage. The additional living space above the garage was renovated and permitted. The completed renovation updates include framing, plumbing, electrical, new AC ductwork and HVAC system, new impact/storm windows, new stairs, new flooring, new paint, updated bathroom. Additional Upstairs Residential Unit (2-Bed, 1-Bath living space) Dimensions (Provided by Owner in Inches): Living room 275x151; Bedroom-1 132x121; Bedroom-2 132x121. Both bedroom measurements do not include the closet space. Bathroom 103x69. Updates to Duplex Unit 3114 (downstairs): Granite countertop, AC and duct work replaced in 2021. Updated walk in shower, New paint. Recent Updates for Unit 3116 include: New AC duct work, paint, plus washer & dryer hookups added for convenience. Information on the current annual rental income and Lease for unit 3116 - Available on Request. "Projected Income" based solely on potential Annual Rent. Seasonal Income could be significantly higher. All "rents" are "market driven" and are subject to fluctuation based on demand. The "Portrait" style images 31 thru 42 are all for Unit 3116 (unit on the right). Updated 'Main Water Line' to street. It has recently been fully replaced (from the Main City Shut-Off Valve). All New Pipes!!! Total SqFt includes additional 700 SqFt for finished 3rd Living space above the Garage.
Source: STELLAR #u8248984
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #u8248984
Source: Public records
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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.
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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.
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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: #u8248984
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