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Owner financing with lower down payment for vacant lot development opportunity! Across the street from Apex at Seminole Heights Townhomes (30 units under construction). Almost 1/2 acre in Seminole Heights with commercial intensive zoning (SH-C1). See attached list of SH-C1 approved uses per the city of Tampa in the busy, 4 laned, commercial corridor. Just two blocks from the recently built, upscale Hite & Notch apartments, featuring 112 units renting for $2. 08-$2. 86/sf. Next door to 4. 2 star rated Gangchu restaurant. Some of the permitted uses per the city (Buyer to verify and not assume permission from this list) are: bed & breakfast, medical marijuana dispensary, business/professional office, clinic, medical office, place of religious assembly, equipment repair, bank, cater, dry cleaning, light manufacturing, medical/dental lab, mini-warehouse, pharmacy, restaurant, bakery, convenience store, vehicle repair, and warehouse. Survey shows 140' on Nebraska, and 144' along Diana Street (corner lot). Motel and restaurant beside, residential behind. Current businesses do not convey. Modular buildings and sheds do not convey. Great opportunity to develop this almost 1/2 acre, corner lot! Contact zoning, building, permitting for process to develop your potential use. Front car lot is rented month-to-month for $1, 500. Rear lot is vacant, was rented at $1, 200 m-t-m.
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Our Executive Mortgage Banker:
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$950,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $760,000 | $760,000 | $760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.799% | 6.888% | 6.850% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,056 | $4,929 | $6,673 |
Total Monthly Payment | $5,148 | $5,021 | $6,765 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.