Under contract-accepting backup offers. Offered is a single family house in a mixed-use/commercial zoning district which allows for a wide variety of uses. Well-suited as a prime redevelopment opportunity, zoning codes allow for up to 7 residential units to be developed on the parcel. A site plan for 6 townhouses has been drafted and is included in the listing photos. As is, the property also has great potential to be used as a primary residence, or as professional/medical offices. The parcel is situated on 1st Ave N, a high-traffic road with premium public transit service via the SunRunner BRT, served by stations at 49th St N as well as 58th St N. The property is one block from Central Avenue, which is St. Petersburg's premier commercial corridor including dining, office, and retail offerings. Centrally located, this location is less than 10 minutes from downtown St. Pete, I-275, and the area's incredible beaches.
5304 1st AVENUE N, St. Petersburg, FL, 33710
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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