Highly sought after cash cow commercial property with solid rental history and INCOME! Total monthly income Approx $23, 000! Amazing 1. 55 Acre lot. Tons of future potential with talks of the Rays Stadium to be build with a couple miles of this location. Approx 23, 000 sqft of rentable space! Great long term rental or investment and huge upside on future appreciation and development in the area. Property has 4 residential units (2) 2 bedroom 1 bath units renting for $850 month & (2) 1 bedroom 1 bath units also rented for $850 month. Great area and location with super high visibility and approx 600, 000 cars daily. This is perfect property for professional investor looking for solid return with very low overhead and or maintenance. Shopping Center Mini Mall located in the heart of Tampa with easy access to the Crosstown 275, I75, I-4, Hard Rock Casino and Amphitheater within minutes of the subject property and much more. Frontage available on E Broadway Ave Close proximity to national office tenants provides high traffic counts Location provides access to many retail amenities 4911-4935 E Broadway Ave highly traveled intersection of Broadway and 50th St. Incredible visibility on Broadway, building is right next door to Wells Fargo Bank and across the street from McDonalds. This area is hot and your clients will love all this commercial property has to offer. Hurry! 4911-4923 E Broadway Ave is a community: shopping center, mini-mall located in Tampa, FL 33605. Built in 1965,
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William Raveis Mortgage, LLC
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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 | $2,200,000 | $2,200,000 | $2,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.750% | 7.038% |
Monthly Tax Payment | $1,191 | $1,191 | $1,191 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,269 | $14,087 | $19,468 |
Total Monthly Payment | $15,585 | $15,403 | $20,784 |
* 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.