Prime Multi-Use Income Generating Property in Gulfport and Saint Petersburg. Seize the opportunity to acquire an exceptional multi-use income-generating property near the vibrant waterfront areas of Gulfport and Saint Petersburg. Surrounded by a plethora of distinguished bars, restaurants, shops, and boutiques, this property offers immense potential for both commercial and residential use. Situated in the bustling Childs Park neighborhood of Saint Petersburg, this two-story building boasts approximately 4, 848 square feet of versatile floor space on a spacious 14, 586 square foot lot. Built in 1985, the property includes two spacious three-bedroom, two-bath apartments and four individual units that can be tailored for various uses, such as insurance offices, tattoo shops, parlors, therapist offices, or an ice coin machine. With eight bathrooms and parking for up to 25 cars, the property is designed to accommodate high traffic and multiple tenants.
The location is unbeatable, with close proximity to the stunning Gulfport and Saint Pete beaches and pier, attracting a steady stream of visitors year-round. The surrounding businesses generate significant foot traffic, making this property an ideal investment with promising long-term returns.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,489,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,191,200 | $1,191,200 | $1,191,200 |
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 | $547 | $547 | $547 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,726 | $7,627 | $10,459 |
Total Monthly Payment | $8,398 | $8,299 | $11,131 |
* 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.