721 107th Ave N Naples, FL 34108
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About this home
Calling All Investors - Income producing property with Assumable loan! Stunning Turnkey Duplex - A Rare Opportunity Awaits! Discover the epitome of luxury living with this beautifully renovated duplex, perfectly situated for both homeowners and savvy investors seeking a lucrative opportunity. This remarkable property is not just a home; it’s a lifestyle, available TURNKEY and ready for you to move in or start generating income immediately. Key Features such as Spacious Living, each unit boasts 3 bedrooms and 1 bathroom, providing ample space for families or guests. Immerse yourself in the comfort of a complete remodel completed in late 2023, featuring fresh drywall, paint, and new flooring throughout, cutting-edge convenience with new plumbing and electrical systems, including USB and USB-C outlets, ensuring that all your devices are charged with ease. Experience culinary bliss in brand-new kitchens equipped with stylish cabinets, modern appliances, and high-quality quartz countertops. With a roof installed in 2023 and a new A/C system from 2022/2023, comfort is guaranteed in every season, complemented by new attic insulation for energy efficiency. Each unit features its own private yard, fully fenced for your enjoyment, complete with a gazebo and shed in the back unit—perfect for entertaining or relaxing in peace. Benefit from separate water and electrical meters for each unit, along with tankless water heaters that offer endless hot water on demand. This duplex has a proven track record as a successful Airbnb, boasting a stellar 75-90% booking rate year-round, with over 100 stays and all 5-star reviews. Step into immediate cash flow with all furnishings included. Nestled in a prime area that is not located in a flood zone, this property combines luxury and practicality. Don’t miss this extraordinary opportunity to own a fully renovated, turnkey duplex that epitomizes modern living and investment potential. Schedule your private tour today and make this stunning property your own!
Source: FORTMYERS #225022289
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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.