Presented byChristine Norcross - Christine Norcross & Partners |
Under contract-accepting backup offers. SMALL BUSINESS or RENTAL OWNERS, this property offers an opportunity with rental income, an extra lot (65x132), ample parking, and covered storage. The current zoning is RM-16 but falls within City of Tampa CMU (Commercial Mixed Use) zoned area. Check with City to confirm CMU potential uses and zoning regulations. This property includes, Two 2 bedroom with 1 bath units and a single 1 bedroom 1 bath (1, 848 sqft) for monthly income. Currently the owner is using the center 2 bedroom unit as an office for their small business. In addition is a 40x40 concrete slab with two 8x40 containers, one on each end and a metal roof connecting both together. There is also a 40x40 carport for storage with closed in walls to the side. Sale includes lots 4, 11 & 12 as noted in the surveys.
Property centrally located within easy access to I-4, cross town, US-301, US-41 and I-75
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $399,200 | $399,200 | $399,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.011% | 7.171% | 6.538% |
Monthly Tax Payment | $221 | $221 | $221 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,757 | $2,653 | $3,423 |
Total Monthly Payment | $3,053 | $2,949 | $3,719 |
* 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.