923 Dr Martin Luther King Jr STREET S, St. Petersburg, FL, 33705 | $1,599,000
Level up your investment portfolio game with this versatile mixed use property in the heart of Downtown St. Petersburg, FL This well maintained 5, 190 SF building consists of a large open floor plan retail/office space on the first floor including two bathrooms. The second floor consists of a residential space with 4 four bedrooms, 1 full bathroom and a half bath, large living room and kitchen (currently tenant occupied). Property conveys a total of 3 lots (. 40 Acres). Zoning allows developers to build up to 4 floors that could provide water views of the bay. Perfect property for an investor/developer to renovate or build a new multi-family development. Featuring a newer TPO roof , fenced outside storage, walking distance to St. Petersburg nightlife, arts, restaurants and popular shops along Central Avenue and Beach Drive. Easy access to the interstate and a 40 minute drive to Tampa International Airport. With St. Petersburg redevelopment pushing southward and incentives for investors/developers to construct affordable housing this property has massive investment added value upside! Call to schedule your personal showing now.
Features
- Property Type: Mixed Use
- Construction: Block, Cement Siding, Stucco
- Utilities: Electricity Available, Phone Available, Public, Water Nearby
- Garage: 6 to 12 Spaces
- Levels: 2
- Heating: Wall Units / Window Unit
- Cooling: Wall/Window Unit(s)
- Units: 1
- Lot Size: 75 x 150
- Year Built: 1955
- Approx Sq. Feet: 4,413
- Acreage: 0.25
- Est. Taxes: $3,668
- Lot Desc: City Lot, Near Public Transit, Sidewalk, Street Lights
- Pet Policy: No
- MLS#: U8169370
- Days on Market: 568 days
- Website: https://www.raveis.com
/prop/U8169370/923drmartinlutherkingjrstreets_stpetersburg_fl?source=qrflyer
Listing courtesy of KELLER WILLIAMS ST PETE REALTY Phone: 727-894-1600
William Raveis Family of Services
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.
Customer Service
888.699.8876
Contact@raveis.com
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- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
923 Dr Martin Luther King Jr STREET S, St. Petersburg, FL, 33705
$1,599,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
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 | $1,279,200 | $1,279,200 | $1,279,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.125% | 7.000% | 6.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.838% | 7.141% | 6.997% |
| Monthly Tax Payment | $306 | $306 | $306 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,618 | $8,511 | $11,320 |
| Total Monthly Payment | $9,049 | $8,942 | $11,751 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388