|
Historic retail strip center in the booming Downtown Kissimmee redevelopment area!
Comprised of two, 2 story buildings, built in 1910 and
1920. Recent renovations include, new floor is some of
the 2nd story office suites, bathroom remodels, 2 HVAC
units, newer roof, exterior paint, walking deck on the
rooftop. Zoned T5-M which supports retail, restaurants,
office, residential above retail and hospitality in the
same building and allows vertical development. Second
building has an apartment with full kitchen, bathroom
currently used as an office. The building has an active
restaurant on site and an end cap, 2nd Gen restaurant
with grease trap, drain and hood system already in place,
being used as an office at around 3, 500 sqft with
outdoor patio. Great opportunity to revert back to a
restaurant with rooftop patio. The CRA has several
grants in place for Facade improvement, restaurant
buildout, Historic preservation and rooftop activation for
bars, patios and events. Reduced parking requirements,
shared parking and public garage behind the building.
All information must be verified with City of
Kissimmee planning and Zoning and the CRA.
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:
$3,500,000
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 | $2,800,000 | $2,800,000 | $2,800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.251% | 6.223% | 6.097% |
| Monthly Tax Payment | $2,439 | $2,439 | $2,439 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $16,340 | $17,013 | $23,439 |
| Total Monthly Payment | $18,904 | $19,577 | $26,003 |
* 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.