|
Invest in the Heart of Old Bonita Springs. Sellers has plans & renderings which are included. Plans are for Three 3 story buildings designed by MHK Architecture that have 6 units in each totaling 18 units for this project. * Zoning allows property to be changed to a six 2-unit multifamily duplex homes. Seize this fantastic investment opportunity to acquire a highly sought-after multifamily lot located right in the vibrant, historic heart of downtown Old Bonita Springs. This is more than just a piece of land; it is a gateway to capitalizing on the area's explosive growth and active redevelopment. Positioned strategically, the lot is perfectly situated to benefit from the ongoing revitalization efforts transforming the neighborhood into one of the region's most desirable locales. With a consistent demand for high-quality rental properties in this area, developing this land into a multifamily residence offers the potential for significant passive income and impressive appreciation as the downtown core continues its upward trajectory.
The location of this lot is truly unbeatable for attracting both future residents and maximizing rental income. Your tenants will enjoy the unparalleled convenience of being just a couple of short blocks from the center of town, providing walkable access to a thriving social scene. Imagine them strolling to popular local restaurants, charming cafes, gourmet coffee shops, and the beautiful Riverside Park, which hosts numerous community events. This proximity to amenities defines a premium lifestyle, making the area a fantastic rental market. Don't miss your chance to secure a prime asset in a central location that is poised for substantial growth in the years to come.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,990,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,592,000 | $1,592,000 | $1,592,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 5.972% | 5.846% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,915 | $9,417 | $13,114 |
| Total Monthly Payment | $9,040 | $9,542 | $13,239 |
* 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.