Property is residential with commercial applications, multiple possibilities can be pursued by the potential buyer, at buyer's expense.(no agricultural or industrial use) The commercial part of the property faces Palm Ave and is approx. 190ftx78ft. The majority of the property is zoned residential but can be rezoned to all commercial, all residential or both depending on desired use and approval from the Planning board. The home currently on the property has three bedrooms, 1 bath on the first floor with a one bedroom, half bath studio upstairs. Time spent in the planning and development office will enlighten investors and business owners to the possible commercial and residential income potential of this property.
210 S PALM Avenue, Palatka, FL, 32177
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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