Here’s your chance to invest in a highly sought-after location on Fort Myers Beach! This property includes 9 tenant-occupied units across 4 parcels, offering strong income-generating potential in this rapidly developing area. With easy access to the island, this is a prime opportunity to become part of the growth and revitalization of Fort Myers Beach!
The sale includes the following parcels:
1180 Main Street – Swanks K. L. Subdivision PB 8 PG 81:
Lot 1 + 2, Parcel ID: 19-46-24-05-00000. 0010
Lot 3 + 4, Parcel ID: 19-46-24-05-00000. 0030
Lot 5 + 6, Parcel ID: 19-46-24-05-00000. 0050
Lot 7, Parcel ID: 19-46-24-05-00000. 0070
Located in an area with increasing development and demand for housing you do not want to miss the opportunity to
expand your portfolio or capitalize on the ongoing development of Fort Myers Beach, this property is a unique find in a rapidly appreciating area. Don’t miss out on this exceptional time to invest in both the future of Fort Myers Beach and the growing demand for housing in this prime location!
Contact us today for more information!
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,250,000
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 | $2,600,000 | $2,600,000 | $2,600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.209% | 6.750% | 6.745% |
Monthly Tax Payment | $456 | $456 | $456 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $16,648 | $16,648 | $22,649 |
Total Monthly Payment | $17,229 | $17,229 | $23,230 |
* 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.