Multi-Family Residential Investment Property (RMF10) located in Harbour Heights, a non-deed restricted waterfront community of Punta Gorda without the expense of a Homeowners Association! Explore the boundless possibilities of this vacant MULTI-FAMILY LOT!! What makes this lot special is the recent upgrade of the water distribution system by the Charlotte Harbor Water Association. With brand new piping installed throughout the community, you can rest assured knowing that a reliable water supply is guaranteed for your future development. Positioned perfectly, this prime land presents an exceptional opportunity! Punta Gorda is renowned for its stunning waterfront views, historic downtown charm, and an abundance of recreational pursuits. Boating, fishing, golfing, and discovering pristine beaches and nature parks are just a few of the activities awaiting enthusiasts. Its strategic location near major roads and I75 ensures easy transportation and access to necessary services. Residents will enjoy a variety of community amenities, including a 12-acre riverfront park, basketball and shuffleboard courts, illuminated tennis courts, a new pavilion, and a renovated boat launch. For travelers, Punta Gorda Airport (PGD) is nearby, providing access to both domestic and international destinations. With the Peace River leading to Charlotte Harbor and the Gulf of Mexico, and the Gulf's pristine beaches a short drive away, this location epitomizes the Florida lifestyle.
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Our Executive Mortgage Banker:
Our Insurance Division:
$75,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $60,000 | $60,000 | $60,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $414 | $404 | $510 |
Total Monthly Payment | $489 | $479 | $585 |
* 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.