This home sits HIGH AND DRY AT 50 FT ABOVE SEA LEVEL. Located in flood zone X (NO FLOOD insurance required). Calling all investors and builders! Opportunity awaits at 510 W Plaza Place in the heart of Tampa's first prominent residential suburb and neighborhood, Tampa Heights. Complete rehab or tear down with downtown Tampa's prime area zip 33602! This location offers infinite potential for new construction or fix and flip with a spacious lot ensuring high land value solidifying solid investment opportunity. This home is located half of a mile away from Armature Works and minutes away from popular attractions like the Tampa Riverwalk, Downtown Tampa, the historic charm of Ybor City, The Straz Center for the Performing Arts, Amalie Arena, Tampa Museum of Art, Sparkman Wharf, The University of Tampa, Michelin Star restaurants and is a short drive to the airport. Tenant occupied at $2, 150/monthly through 3. 31. 25. Enjoy cash flow while the city reviews and approves plans to build. Seize the opportunity to own and invest in one of the most exciting and fasting growing cities in the US! Schedule a showing today! Inquire directly for interior photos. NO SIGHT UNSEEN OFFERS.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $292,000 | $292,000 | $292,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $377 | $377 | $377 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,943 | $1,941 | $2,462 |
Total Monthly Payment | $2,395 | $2,393 | $2,914 |
* 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.