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Commercial zoned warehouse condo. No rental restrictions. Use as your business address. Store business supplies, inventory, or records. Store cars, boats or RV. Great location - close to beaches and also downtown St. Pete. Yet, it is high and dry zone X so no worries on flooding. This unit has been improved with a heavy-duty loft with electrical outlets. It also has various outlets for large boats or mobile homes. It has also been partially setup for A/C. With a bit of spackling and paint it will look like others have already done in the complex or like Paddock 1 or others. It measures approximately 14' wide, 43' long and 16' high. Could probably fit three to four cars w/lift, or a 32' boat, or an RV - all plus additional loft space. Association is conservative and financially heathy, and yet making improvements like a new WIFI system, upgraded security surveillance, all buildings recently sealed and painted, new roofs planned with solar tube option for lighting, etc. These typically trade on inside knowledge, so seldom come up for sale. If you miss out it will probably be years before you see another one listed and probably at a much higher price. Thank you!
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Our Executive Mortgage Banker:
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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 | $127,920 | $127,920 | $127,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.867% | 7.159% | 6.538% |
Monthly Tax Payment | $98 | $98 | $98 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $862 | $850 | $1,097 |
Total Monthly Payment | $1,035 | $1,023 | $1,270 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.