Under contract-accepting backup offers. Calling all multi-family developers. This is a rare opportunity to redevelop a multi-family asset in Safety Harbor. Existing 15-unit apartment complex with below-market rents located in the City of Safety Harbor. These existing block buildings can offer income during the phased construction process. The seller has already performed a full tree survey, wetland delineation and civil/electrical site plan. The site was previously approved by the city for an additional 13-units on the vacant area of the parcel. The current configuration is ten 2 bedroom 2 bath and five 3 bedroom 2 bath. Some units have been remodeled.
500 9th AVENUE S, Safety Harbor, FL, 34695
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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