This is a residential income property that is currently vacant. The property is ready to be renovated as a 24 efficiency units, from its prior design of being a 32 single room occupancy. Architectural plans are available upon request. The property"s potential monthly gross rents, after being renovated, are $13,200.00 (24 x $550). To view property call or email agent. This property is part of a real estate portfolio that includes 406 SW Avenue C Place (28 single units room fully occupied price separately at $650,000.00), and 625 W Avenue A (12 one bedroom units mostly occupied price separately at $725,000.00). The whole portfolio is for sale as a package deal.The property includes the land lot next to it, where a similar building was and demolished.
601 W Avenue A, Belle Glade, FL, 33430
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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