Under contract-accepting backup offers. Seller states "No Wholesalers or Assignable only to a related party. " This means the seller will not work with a wholesaler who will assign the contract to a non-related buyer. POTENTIAL!! OPPORTUNITY!!! Incredible location and proximity to Downtown Tampa - 15 minutes due north of Water Street, Amalie Arena, Channelside. . . and all the amazing new development going on in Tampa. Zoned Seminole Heights- Commercial Intensive - this property is ready for your imagination and investment. Currently on this 60x98 foot lot, craftsman bungalow is at the stud-level and a blank slate for the new imaginative owner - current owner has invested significantly to make it easier for new owner. Structure could be a residential home or a professional office of some sort as property is located adjacent to a charming residential neighborhood, as well as the more commercial north-south thoroughfare of Nebraska Avenue (check out new Ybor developments like Gas Works for more info on potential of this artery in Tampa roadways). Tented in 2020 and new roof installed in 2022. $5K impact fee for sidewalk to be installed, +$47K for plans, active permit and demolition; Rough ins PAID - electrical, HVAC, Plumbing, new front porch deck, new side stair, some new plywood subfloor, rebuilt dining room wall and some exterior walls, framed out new second floor (over another $70K+ in investments!) have already been paid so it’s ready to go! We can't wait to see what is next for this great property!
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William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $199,200 | $199,200 | $199,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.512% | 6.273% | 5.248% |
Monthly Tax Payment | $133 | $133 | $133 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,243 | $1,210 | $1,574 |
Total Monthly Payment | $1,451 | $1,418 | $1,782 |
* 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.