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Presented by
Kelly Hack |
779 9th AVENUE N, St. Petersburg, FL, 33701 | $2,950,000
Under contract-accepting backup offers. We are proud to bring to market one of Uptown St Petersburg's finest properties - Regency Villa Apartments! Featuring 16 apartments on 3 PARCELS made up of 6 TOTAL LOTS, Regency Villa Apartments has a significant footprint in booming St Pete. Sitting in eminently WALK-ABLE and IN-DEMAND Historic Uptown, the property holds 15 studio apartments and one 1 Bedroom apartment in 3 freshly painted buildings surrounding a beautiful courtyard with pool - a truly peaceful oasis in the city! With many recently renovated, these apartment homes are centrally located just blocks from downtown St Pete and Old Northeast, and just steps to 4th St and gorgeous Crescent Lake, providing an ideal location in a HIGH DEMAND rental area for tenants now and in the future! OFF STREET PARKING for most, ON SITE LAUNDRY for all, and a SHADED & FENCED POOL tying it all together make this property truly unique for the product, the market, and the location, ensuring strong rentability ahead with less income volatility - tenants will choose these apartments over others, leading to fewer, shorter vacancies between tenancies. Recent density allowance trends bode well for the future of these 6 LOTS on just over half an acre in one of the top markets in the country. With easy access to the freeway for a short drive to Tampa or either of our excellent airports, and an even shorter 12 mins to gorgeous St Pete Beach, this property is positioned perfectly for the best of Tampa Bay living - your tenants will thank you!! Video tour available, showings of vacant units allowed when available, and always happy to meet on site for a walkaround so don't hesitate to reach out!
Features
- Bedrooms: 1
- Units: 16
- Laundry: Laundry Room
- Year Built: 1953
- Garage: Off Street
- Heating: Wall Units / Window Unit
- Cooling: Wall/Window Unit(s)
- Approx Sq. Feet: 5,808
- Acreage: 0.61
- Est. Taxes: $6,310
- Lot Desc: City Lot, Near Public Transit, Sidewalk
- View: City, Garden
- Pool: In Ground
- Appliances: Range, Refrigerator
- MLS#: U8202017
- Days on Market: 302 days
- Website: https://www.raveis.com
/prop/U8202017/7799thavenuen_stpetersburg_fl?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Kelly HackLicensed Real Estate Salesperson
917.913.0798
Kelly.Hack@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Brian ShahwanVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 2166562
302.293.7433
Brian.Shahwan@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Joel FanjoyRegional SVP Insurance Sales, William Raveis Insurance
617.320.5687
Joel.Fanjoy@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
779 9th AVENUE N, St. Petersburg, FL, 33701
$2,950,000
Kelly Hack
Licensed Real Estate Salesperson
William Raveis Real Estate
Phone: 917.913.0798
Kelly.Hack@raveis.com
Brian Shahwan
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 302.293.7433
Brian.Shahwan@raveis.com
NMLS Mortgage Loan Originator ID 2166562
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,360,000 | $2,360,000 | $2,360,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.250% | 7.000% | 6.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.851% | 7.103% | 7.041% |
| Monthly Tax Payment | $526 | $526 | $526 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $16,099 | $15,701 | $21,048 |
| Total Monthly Payment | $16,750 | $16,352 | $21,699 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388