All units are now complete! all certificate of occupancy should be issued within 30 days or less. Act now to secure this luxury new construction project with No HOA fees or reserves required with ownership of all 5 townhome units! Additionally, this property sits in an opportunity zone positioned for long term TAX SAVINGS for the right investor! Introducing West Tampa Luxury Townhomes, all units are same size 3/2. 5/2 where elegance meets convenience located in the heart of booming West Tampa. This exclusive offering is ideal for an active or passive investor seeking an option to purchase FIVE Brand new block construction townhomes together. Yes, own the entire building, your chance to invest in a brand new maintenance free community with no lease or pet restrictions, if desired! New owner(s) has the ability to finalize HOA bylaws to allow short term or long term rentals and other restrictions including fees. These two story solid block construction residences, complete with hurricane impact windows, sliders, and doors, and a 50 year Metal roof are ideal for Florida’s inclement weather and guarantee low insurance hazard premiums to combat high insurance rates. NO FLOOD INSRUANCE needed! No recent storm damage with prior hurricanes. The chic modern finishes that embody contemporary living, showcasing an open floor plan seamlessly fusing kitchen, dining, and living spaces on the ground floor. The kitchen boasts quartz countertops, solid wood high gloss cabinets, and a large open space for hosting, effortlessly blending style with functionality. Distinguished by 10-4’-foot ceiling heights, a half bath, large 2 car garage, front in the rear alley access with enough room for 4 cars to park. The second floor features the massive primary bedroom with its own custom built huge walk-in closet, an en-suite bathroom adorned with high-level finishes, including a generous walk-in shower and dual vanities. Two additional bedrooms offer versatility for guest quarters, a home office, or personalized use shared by another full bathroom. The laundry room is conveniently located next to the bedrooms, with linin storage closet, and a nice size wet bar for entertainment. Each townhome includes it’s own power and water meter plus a master water meter for HOA irrigation system. Each townhome has its own 2 car garage and private driveway in the back. There is a total of 2273sqft living sqft per townhome for a combined sqft of 13, 273sqft under roof. Located in West Tampa minutes from downtown Tampa, Riverside heights, Armature works, South Tampa, Buccaneer stadium, UT, more This is a true MAINTENANCE FREE INVESTMENT opportunity where the community HOA will pressure wash the buildings for owners, maintain the landscaping common area, and paint the buildings for your future tenants. Since all units are individually deeded and metered for own utilities as single family Townhomes, an individual could acquire with residential financing, commercial financing, or portfolio loan. please do not walk or drive on the property without written permission. Shown by appointment only. Individual units available with 20% non-refundable deposit. Schedule an appointment to tour. information in this listing should be verified by buyer(s) and buyer’s agents independently.
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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 | $2,320,000 | $2,320,000 | $2,320,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.296% | 6.622% | 6.680% |
Monthly Tax Payment | $237 | $237 | $237 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,047 | $14,664 | $20,210 |
Total Monthly Payment | $15,409 | $15,026 | $20,572 |
* 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.