Prime NSM-1 (Neighborhood Suburban Multi-Family) Zoned Lot for Sale in St. Petersburg, Florida. Don't miss out on this incredible opportunity to build 3 individually deeded townhomes in the heart of St. Petersburg! Floor Plan may be made available. This spacious lot measures 72. 2x125 and offers endless possibilities for your next real estate venture. Situated in the vibrant city of St. Petersburg, this lot enjoys a central location that offers convenience and easy access to various attractions. You'll be just 5 minutes away from downtown, allowing you to take advantage of the bustling urban lifestyle, including shopping, dining, and entertainment options. Gulfport Beach, a stunning coastal destination, is only a short 12-minutedrive away, providing the perfect retreat for beach enthusiasts. Additionally, Lassen Park, a waterfront charming green space, is just 2 minutes away, offering a serene escape from city life. The Tropicana Field, located just 8 minutes away provides the sports night light. GO RAYS!!! This lot is zoned for multi family use, presenting a fantastic opportunity for investors and developers. With the ability to build up to three units, you have the flexibility to create a multi-purpose space that suits your specific needs. Whether you envision a combination of residential and commercial units, this lot provides the ideal canvas for your vision. Lot Size: 72. 2x125 NSM-1 Zoning Central Location in St. Petersburg 5 minutes from Downtown, 12 minutes from Gulfport Beach, 2 minutes from Lassen Park, 8 minutes from the Tropical Field Potential to potentially build 3 units individually deeded townhouses.
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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 | $206,000 | $206,000 | $206,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,371 | $1,369 | $1,766 |
Total Monthly Payment | $1,446 | $1,444 | $1,841 |
* 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.