NOTES: Excellent Multi-family investment opportunity. 14 apartment units centrally located in Clearwater. The complex features a leasing office, a community building, and a storage/maintenance building. There is a laundry area with washers and dryers. The property has been fully renovated and has newer roofs, hurricane impact windows, new HVAC units, and new kitchen appliances. The buildings are fire sprinkled and are concrete block construction. There is significant upside through the increase in allowable rents. Interested parties must register for complete package
Construction
Block, Wood Frame
Utilities
BB/HS Internet Capable, Electricity Available, Natural Gas Available, Phone Available, Public, Water Connected
Lot Description:
City Lot, Interior Lot, Landscaped, Oversized Lot, Street Lights
1552 S Myrtle AVENUE, Clearwater, FL, 33756
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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