This commercial property in St. Petersburg, FL, presents a prime investment opportunity with significant potential. Located just a short distance from the vibrant downtown area, it offers easy access to local attractions, restaurants, and entertainment. The property is also near beautiful parks, providing a scenic environment, and is not far from the city’s stadium, making it an attractive spot for tenants.
With four units, two of which are currently occupied, the property generates immediate income while leaving room for further revenue growth as the remaining units are leased. The location in a rapidly growing area of St. Petersburg makes it even more appealing for investors looking to capitalize on the city's development.
1060 62nd AVENUE S, St. Petersburg, FL, 33705
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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