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Under contract-accepting backup offers. Discover an exceptional investment opportunity at 2613 7th Ave. E. in beautiful Bradenton, Florida. This vacant lot, zoned as R2-Duplex, is perfectly suited for those looking to build a multifamily residence or capitalize on the growing demand for rental properties. The highlight of this property is the existing two-car garage/warehouse, offering not only functionality but also flexibility for future development.
Imagine the possibilities with this generous lot, which provides ample space for a duplex that can accommodate two families or serve as an investment property with rental potential. The R2 zoning allows for creative design and layout options, ensuring you can meet the needs of future tenants or your own family.
The two-car garage/warehouse adds significant value to the property, providing secure parking and storage space. This versatile structure can also be transformed into a workshop, additional rental space, or utilized for personal projects, giving you the freedom to customize how you use your investment.
Located in a vibrant neighborhood, this lot is conveniently close to local amenities, schools, parks, and major roadways. The proximity to Bradenton's bustling downtown and the stunning Gulf Coast beaches makes it an ideal location for families and renters alike.
This is your chance to create a thriving duplex in a sought-after area of Bradenton. Don't miss out on this rare opportunity to invest in a property with immense potential. Schedule a visit today and envision the future that awaits at 2613 7th Ave. E. !
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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
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $108,000 | $108,000 | $108,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $665 | $682 | $897 |
| Total Monthly Payment | $740 | $757 | $972 |
* 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.