Buildable double lot located in Riverside Heights, one of Tampa's most popular neighborhoods. This property is just a mile from Armature Works and the upcoming Riverwalk expansion, making it very convenient for enjoying city life, but with a true neighborhood feel.
Riverside Heights is a community-focused area with three parks, two play grounds, a basketball court and a baseball field. There are regular community events and social groups that bring the neighborhood together.
Being close to downtown Tampa, Ybor City, and Tampa International Airport adds to the appeal, and access to the interstate is just a few minutes away for those commuting or looking to travel.
A new Publix is set to open nearby in 2025, adding to the list of grocery, shopping, and dining options all within a close proximity.
With a new build on the same block having just sold for $560/ft, this is an excellent opportunity for builders and developers looking for a stable and high-growth area. And with a tenant in place through August 2025, the buyer has an income opportunity while planning the project.
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Our Executive Mortgage Banker:
Our Insurance Division:
$935,000
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 | $748,000 | $748,000 | $748,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.343% | 6.851% | 6.704% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,790 | $4,852 | $6,516 |
Total Monthly Payment | $4,882 | $4,944 | $6,608 |
* 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.