7 doors multifamily development opportunity close to Downtown St Petersburg. Surrounded by new construction multifamily. 225k/7= about 32k a door for land. See buildable lot letter from city attached. Soil Tests completed and report attached. Owner developed plans for 2 story triplex 4bed/4.5bath each with SplitPad rental model in mind. Total 12 en suit bedrooms. Plans are ready to be submitted to city as an option. Buyer to verify all information.
Utilities
Electricity Available, Public, Sewer Available, Sewer Connected, Water Available, Water Connected
Lot Description:
Buildable, City Lot, Level, Near Public Transit, Oversized Lot
3435 19th AVENUE S, St. Petersburg, FL, 33711
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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