Waterfront, 10 beds room & 8 Baths This is an 8-unit waterfront apartment building on Capri Island in the best district of Treasure Island. It consists of six one-bedroom, one-bath units and two two-bedroom, one-bath units, plus five boat slips. The building Block concrete solid is about 6,000 + heated square feet and 7,000+ total square feet with a brand-new roof and all up-to-code updates. It’s just a 10-minute walk to a beautiful Gulf beach and a 2-5-minute boat ride to John’s Pass, after which you’re right in the middle of the Gulf of America. John’s Pass is a top tourist attraction, making this a prime location. The property generates about $16,000 a month and has excellent future potential. The buyer will need to honor the contract agreements for the leases with the management company.
11705 3RD STREET E, #9, Treasure Island, FL, 33706
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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