5925 Terrace Park Dr N Unit 111, Saint Petersburg FL - Owner Finance Home
Owner Finance

5925 Terrace Park Dr N Unit 111

Saint Petersburg, FL 33709

🛏️

2

Bedrooms

🚿

2

Bathrooms

📏

960

Sq Ft

📅

1977

Year Built

About This Property

PURCHASE or RENT TO OWN (Lease Purchase). OR Straight rental for $1,790/month. (Listed as a rental see MLS : TB8530870). A RARE OPPORTUNITY to own a spacious Ground floor, quiet END UNIT CONDO (130 SQ ft Larger Living Area then the other units). Access Ramp from the parking area right to your door! PRICED TO SELL and PRICED BELOW ALL comps here in 5 towns! RENT TO OWN and even OWNER FINANCING are possible (please inquire). 2 Bedroom, 2 Full BATHS - RAISED GROUND Floor, Private COVERED parking spot - Private CORNER home, Screened Lanai, COVERED deeded parking spot (ONLY 17 steps from your front door). Raised ground floor, no stairs and no flooding ever. Make this home your permanent retirement community home today or Secure this property now and make it your Winter retreat. Or make it your rental and generate steady, secure cash flow with a 9% Cap rate (at $2000/mo rent)! This is one of only 4 designated rentals here at Arlington (and an even rarer... only 1 of the 14% rent-able units allowed in this whole 5 Towns community!). You won't find a better value than this private corner unit. With 130 Sq Ft Larger than others, you will have a larger living room and dining area! LEASE PURCHASE TERMS: Option Fee: $7,000. Close within 1 year. Pre-Occupancy Lease: $1790/month. 1st, last and security. With security applied to purchase price at closing. During Pre-occupancy lease, terms are: No Smoking in unit nor on Balcony nor Lanai. Pets allowed as per condo rules. Please inquire for additional terms and requirements. GROUND FLOOR. SPACIOUS and WELL MAINTAINED 2-BED, 2-BATH CORNER CONDO in 5 TOWNS - TERRACE PARK. Plus JUST RECENTLY UPDATED with new kitchen cabinets, counters, lights and appliances! Discover this beautifully maintained ground-floor corner unit in the highly desirable 55 Terrace Park community at 5 Towns! With pride of ownership throughout, as a corner unit, this spacious 2-bedroom, 2-bathroom condo offers extra living space, with over-sized living room, a lovely screened balcony to enjoy Florida s beautiful spring nights, and a spacious, primary bedroom with double closets (including 1 walk-in closet!). Enjoy comfort year-round with ceiling fans throughout and a newer A/C unit for efficient cooling. The kitchen features a gas stove, and the gas is included in your maintenance fee a rare and valuable bonus! If you have a small dog, you ll love the convenient, rare, private green space right outside a perfect spot for pets! The community is filled with beautiful park-like vistas and barbecue spaces throughout, perfect for outdoor gatherings. You ll also have access to six swimming pools, with this unit being conveniently located right across from the largest heated pool with a relaxing jacuzzi! This vibrant and socially active community offers something for everyone, including dances, bingo nights, potluck dinners, tennis courts, billiards, shuffleboard, a fitness room, aerobics and yoga sessions and a card room. Your affordable HOA fee covers cable, internet, HOT water, gas for stove and oven, sewer, and garbage, giving you peace of mind and added savings! Conveniently located near restaurants, shopping, and places of worship, plus just minutes from Bay Pines VA Hospital and only 5 minutes to the beautiful Gulf of Mexico beaches! Don t miss your chance to own this fantastic condo schedule your showing today!

Property Details

Property Type

Condominium

Year Built

1977

Lot Size

34,897 sq ft

HOA

$880/mo

Listed Price

$129,700

Owner Financing Terms

Why Owner Financing?

  • No bank qualifying
  • Bad credit OK
  • Fast closing
  • Flexible terms
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Frequently Asked Questions About Owner Financing in Saint Petersburg

What is owner financing for 5925 Terrace Park Dr N Unit 111?

Owner financing means the seller of 5925 Terrace Park Dr N Unit 111 acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. This property in Saint Petersburg, FL is available with owner financing terms.

Do I need good credit for owner financing?

No! One of the biggest advantages of owner financing is that you typically don't need to qualify through a bank. This makes it possible to buy a home even with bad credit, no credit history, or self-employment income that's hard to document.

How much is the down payment for this Saint Petersburg home?

Down payment terms are negotiable. Sign up for free to get the specific financing details for this Saint Petersburg property.