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Presented by![]() Nahed Hallaba |
Seize the chance to own this exceptional 1030sqft warehouse condo located in the thriving city of Margate, FL. Zoned M-1 Light Industrial, this property offers versatility for various business needs. With three dedicated parking spaces and a remarkably low HOA fee of just $200 per month, this is a unique find in the current market. As the lowest priced warehouse available for sale in the area, it represents a rare opportunity for investors and business owners alike. Additionally, the potential rental income of $3000 per month makes it an attractive investment option. Don't miss out on this exclusive chance to expand your business or investment portfolio. Contact us today to learn more and schedule a viewing.
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Our Executive Mortgage Banker:
Our Insurance Division:
$375,000
Sales Associate
William Raveis Real Estate
Phone: 917.693.1163
Nahed.Hallaba@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.952.8600
Joseph.Mollica@raveis.com
NMLS Mortgage Loan Originator ID 130058
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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Loan Amount | $300,000 | $300,000 | $300,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.303% | 6.510% |
Monthly Tax Payment | $277 | $277 | $277 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,896 | $2,021 | $2,572 |
Total Monthly Payment | $2,248 | $2,373 | $2,924 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.