Must view in person to see the stage of construction to continue renovation - Duplex Mixed Use Now Reduced in an Opportunity Zone, Tax Exchange , Fixer upper Historic Westside -2 electric & 2 water meters, separate entrances, 2 Bedroom 2 bath & 2-bedroom 1 bath Unit -Vacant Lot used for Parking or build-Additional 3 more units, or 6 Suites Short term rentals -MU/commercial zoning allows Building with a first floor business, a bed and breakfast! Historic district overlay may provide parking waivers for businesses. Bed and Breakfast overlay. Short term residential rentals, allowing nightly, weekly, monthly or longer stays. Special parking district that allows for half of city parking requirements. *New Smyrna Beach Historic District. *Building height allowed up to 72 feet, +/- Located on the Historic Westside Washington Street Across from Babe James Center, walk to Pettis Park covered pavilions w/ cooking & restroom facilities, multi-purpose field, double skate bowl, fitness stations, courts Basketball, Pickle ball, Racket ball, and Tennis. Playground, adjacent to Mary S Harrell Heritage Museum. Washington Street travels from the Historic Westside continues East onto the North Causeway of Coronado Island, over North Drawbridge onto Beachside Flagler Avenue to Entrance to Ocean Ramp. Flagler Avenue has wonderful events, nightlife, restaurants, shops, walk, bike or golf cart to Either downtown Flagler Avenue or Historic Canal Street, Mom and Pop Old Florida Style Festivals, Sip and Stroll, Antique and Vintage Fairs, Art galleries, Live Music, Classic Car Events, Farmers Market, Gift shops, Specialty boutiques, craft beer and wine bars, Enjoy Waterfront Seafood restaurants by the City Marina with dockage, a bait and tackle shop for renting boats or Riverside Park to Fish off the Intracoastal waterway River walk Fishing areas. Brannon Center offers Event Space, Concerts on the Riverside Park as well all within Minutes of this Property. MLS# NS1081746 Next door is a Coastal Cottage that is zoned MU and allowed STR same ownership, 3 addresses as a package. Must view in person by appointment with prequalified proof of funds statement. Only Seller's Local Title company used for escrow and closing.
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NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $260,000 | $260,000 | $260,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $229 | $229 | $229 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,730 | $1,708 | $2,193 |
Total Monthly Payment | $2,034 | $2,012 | $2,497 |
* 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.