PRIME COMMERCIAL SPACE LOCATED IN THE BEAUTIFUL HISTORIC DISTRICT DOWNTOWN HAINES CITY ! INVESTORS THIS IS A GREAT OPPORTUNITY , THIS COMMERCIAL PROPERTY HAS THREE OFFICE BUILINGS WITH ALL SEPARATE ENTRIES WITH GREAT RENTAL INCOME . 143A N 6TH STREET IS CURRENTLY BEING RENTED TO A BEAUTY SALON WITH 2077 SQFT . 143B N 6TH STREET IS CURRENTLY BEING USED AS A CAFE" WITH 1620 SQFT THIS UNIT HAS A SEPARATE ENTRIES GOING UPSTAIRS . 141 N 6TH STREET IS CURRENTLY BEING USED AS A HEALTH CARE CENTER WITH OVER 1380 SQFT . THERE ARE SEVERAL YEARS REMAINING ON THE CURRENT LEASES WITH A 3% INCREASE EACH YEAR . THIS PROPERTY IS IN A GREAT LOCATION , CORNER LOT WITH 150 FEET OF ROAD FRONTAGE IN DOWNTOWN HAINES CITY RIGHT NEAR THE CITY HALL AND THE OLD TRAIN DEPOT . THIS PRIME BUSINESS AREA IS GROWING SO FAST MAKING THIS PROPERTY A GREAT OPPORTUNITY FOR YOUR BUSINESS .
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Our Executive Mortgage Banker:
Our Insurance Division:
$689,000
William Raveis Real Estate
Phone: 888.699.8876
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $551,200 | $551,200 | $551,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.159% | 6.538% |
Monthly Tax Payment | $293 | $293 | $293 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,760 | $3,663 | $4,726 |
Total Monthly Payment | $4,145 | $4,048 | $5,111 |
* 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.