1416 Rosslyn Dr Apt 1 Unit 1 Palmetto, FL 34221
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About this home
RARE investment opportunity... QUADPLEX WITH WATER VIEWS IN A GREAT LOCATION! ASSUMABLE VA LOAN WITH A 2.75% INTEREST RATE. Welcome to the next addition to your portfolio, this quadplex offering endless investment potential to suit many strategies. Whether you're seeking a strong income-producing property or looking to house hack and live in one unit while renting out the others, this property checks all the boxes. This building features one 4/2 unit, one 2/2 unit, and two 2/1 units. Beautiful remodels done on 3 of the units, including 2 balconies, 2 outdoor staircases, and a deck, all new. 3 brand new HVAC systems as well. Each of the four units offers comfortable living spaces, well-maintained interiors, and spacious bedrooms. Tenants will love the close proximity to local beaches, marinas, shopping, dining, and entertainment, all while enjoying the serene views and fresh breeze. With no HOA restrictions and flexible leasing options, this property provides unlimited rental potential—ideal for both short-term and long-term rentals. The generous lot and prime setting offer space for outdoor relaxation, assigned parking, and even future upgrades to maximize returns. Opportunities like this don't come around too often, here is your chance to own a multi-family property in a highly desirable waterfront area—perfect for investors, seasonal owners, or those seeking passive income in paradise. A TRUE HIDDEN GEM. Key Features:Four individual units with strong income potential. Water views and close proximity to coastal amenities. Excellent location near beaches, shops, and dining. No HOA or rental restrictions. Ideal for short-term or long-term rentals. Don’t miss out on this incredible investment opportunity—schedule your private showing today!
Source: STELLAR #A4669954
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FAQs
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.