This former day care center is an exciting property for your residential redevelopment project or a practically turnkey property for your educational institution (i. e. daycare, school, dance instruction, art instruction). This 3972SF singlestory block construction building includes high ceilings, kitchen, three restrooms, large open entry area, front porch, a large open community area, multiple large storage areas that can also be used as offices and central AC. The grounds include a large front and side yard with mature vegitation. Nessled in the heart of a vibrant, safe and established Gulfport neighborhoodcommunity surrounded by beautiful single family homes and sprawling parks. Very close to popular downtown Gulfport; A city known its eclectic collection of artists, writers, musicians, multitude of restaurants, bars, live music and other small businesses located along sandy Gulfcoast beaches. Currently operated as a preschool with a special excemption permit from the city. The official zoning is 'neighborhood' zoning. Redevelopment may allow for single family or multi-family housing. Most homes in this neighborhood are valued from $300/sf to $500/sf or more. If you're looking to start or move your education facility to this location the current use will transfer. It is the buyer's sole responsibility to confirm zoning and use requirements of the local authorities.
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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 | $719,200 | $719,200 | $719,200 |
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 | $779 | $779 | $779 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,665 | $4,605 | $6,315 |
Total Monthly Payment | $5,535 | $5,475 | $7,185 |
* 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.