Location, Location and Equity! ! Talk about an opportunity. This spacious corner lot is nestled in the fast-growing Oak Harbor neighborhood that's less than three miles from Downtown St Petersburg and Tropicana Field. The lot offers ally access and is zoned so you can build a house with an income generating garage apartment or additional dwelling unit (ADU). This Is your chance to own property in a rapidly developing neighborhood that's ripe with new construction and development. The lot sits at higher elevation than most properties in the area and utilities are on site which reduces city impact fees for building. You can easily build your dream home and end up with hundreds of thousands of sweet equity. Why buy an older house at the top of the market when you can build a new home and gain instant equity.
2701 6TH STREET S, St. Petersburg, FL, 33705
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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