GREAT OPPORTUNITY to purchase TWO adjacent parcels with 488 feet of frontage on Tamiami Trail/ US 41. Parcel IDs 412334106001 and 412334106003 - Lots 1B, 2B, 3B, 4B, 5B. Zoned CG (Commercial General). Current use for the first parcel is Multi-Family 10 units or more and current use for the second parcel is vacant commercial. The combined lot size is 2. 58 ACRES / 112, 459 SF. . . There are 4 buildings on the first parcel (lots 1B, 2B, 3B, 4B). Building 1 is a pentaplex, 5 units built in 1957 with a total area of 2623 SF. Exterior construction is block and stucco, slab foundation, roof is composition roll, no central A/C, one story. Building 2 is a quadraplex, 4 units built in 1957 with a total area of 1534 SF. Exterior is metal frame, wood frame, block, stucco, composition roll roof, no central A/C, one story. Building 3 is a duplex, 2 units built in 1957 with a total area of 1169 SF. Exterior is wood frame, siding exterior, composition shingle roof, no central A/C, one story. Building 4 is a shed built in 1957 with a total area of 1400 SF. There is a chain link fence and concrete paving. The second parcel (lot 5B) is vacant land with 100 feet on a lake in the rear of the property - lot 4B and part of 3B also fronts the lake for another 130 feet- total 230 feet. The combined property fronts a highway with HIGH VISIBILITY. Located only 10 minutes from the Punta Gorda Airport and 10 minutes from historic downtown Punta Gorda shopping, dining, medical care, waterfront parks, boat ramps, fishing piers, walking and biking paths, art galleries, Fishermen's Village, weekend farmers markets, Charlotte Harbor Event Center, events and more.
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
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 | $1,120,000 | $1,120,000 | $1,120,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $1,204 | $1,204 | $1,204 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,264 | $7,171 | $9,834 |
Total Monthly Payment | $8,593 | $8,500 | $11,163 |
* 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.