The elements of location and opportunity meet at 2631 Becca Ave, a multifamily property with two structures (properties) in the rapidly growing Art District of Bayshore in Naples. The lot could be divided into two parcels. Perfect for a developer and/or a handyman. On the left side of the property is the triplex with 3 units all ample in size with 750 Sq. Ft of space, 1 bedroom, and 1 bathroom in each unit. Each unit enjoys bright natural light with front & back entrance. To the right is the unique duplex with 2 units. The front unit boasts one bedroom and one bathroom while the back unit enjoys 2 bedrooms, 2 bathrooms, and a second-floor loft with laundry in residence. The savvy investor has a TON of opportunity. With options abound, this unit can also be divided into 2 separate parcels for future options and convenience to do what you want! Create your dream of owning a multifamily property with TONS of options to rehabilitate this property or build to suit for the investment of your vision. Location, location, location is the KEY to this property just down the street from the entertainment at Celebration Park, minutes to famed 5th Ave S, downtown beaches, and all that Southwest Florida has to offer!
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William Raveis Real Estate
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $575,200 | $575,200 | $575,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | $596 | $596 | $596 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,924 | $3,823 | $4,932 |
Total Monthly Payment | $4,612 | $4,511 | $5,620 |
* 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.