The subject property is in the city of Belle Glade in Palm Beach County, Florida. Known for its rich agricultural heritage and unique location near lake Okeechobee. The city is approximately 45 miles west of west palm beach & is accessible via several major highways.
Packing plants, processing facilities, & distribution centers form a significant part of the local industry, supporting both employment & export.
Car wash with four handwash & one automatic-bay. All infrastructure in place Sewer & Electrical capabilities. Currently the car wash is not in use. Instead, the property is used as a car sales lot, oil change & tire rotation. The subject property is rented on a yearly basis. The tenant pays $4,750 per month. If the lease agreement is renewed it will include a 5%
400 NW Avenue L, Belle Glade, FL, 33430
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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