Pre-Construction. To be built. Magnolia Condominium Project: A Prime Investment Opportunity
Discover the Magnolia Condominium Project, an exclusive investment prospect, strategically situated on the West side of Gulf Blvd in charming Indian Rocks Beach, FL.
Investment Highlights:
Turnkey Investment: This project offers a turnkey solution for investors. It includes the land, drawings, and a permit-ready project.
Experienced Builder: A reputable commercial condo builder has already submitted a bid for the project.
Ready-Made Deal: This is not just a property; it's a fully prepared investment opportunity, offering the potential for rapid returns.
Property Features:
Prime Location: Located on Gulf Blvd, this project enjoys a prime beachfront location, providing residents with direct access to the stunning Indian Rocks Beach.
Modern Design: The development features a modern coastal design.
Convenience: On-site parking facilities, a swimming pool, and an elevator add convenience to the property.
Unit Offerings:
Unit 201: 3 bedrooms, 2 bathrooms, 1, 489 sq. ft. , 3 balconies
Unit 202: 3 bedrooms, 2 bathrooms, 1, 273 sq. ft. , 3 balconies
Unit 301: 3 bedrooms, 2 bathrooms, 1, 489 sq. ft. , 3 balconies
Unit 302: 3 bedrooms, 2 bathrooms, 1, 273 sq. ft. , 3 balconies
Unit 401: 3 bedrooms, 2 bathrooms, 1, 229 sq. ft. , 93 sq. feet of balconies
Unit 402: 2 bedrooms, 2 bathrooms, 1, 027 sq. ft. , 79 sq. feet of balconies
Investor's Paradise:
The Magnolia Condominium Project is tailored to meet the needs of investors looking for a hassle-free investment. With all the necessary components in place, including a local builder's bid, this is a ready-made deal with the potential for significant returns.
Strategic Location:
Nestled on Gulf Blvd in Indian Rocks Beach, this project offers more than just beachfront luxury. It's strategically positioned in a region where Florida's economic growth and real estate market continue to thrive. Florida's robust economy and sustained real estate growth make this investment opportunity even more compelling.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$4,900,000
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 | $3,920,000 | $3,920,000 | $3,920,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.786% | 6.888% | 6.976% |
Monthly Tax Payment | $919 | $919 | $919 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $26,080 | $25,425 | $34,688 |
Total Monthly Payment | $27,124 | $26,469 | $35,732 |
* 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.