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1031 EXCHANGE OPPORTUNITY - Incredible portfolio available including (4) 2025 newly built, turnkey furnished waterfront GULF-ACCESS homes in a lucrative rental area of Collier County in Bonita Springs. NO rental restrictions for maximum ROI. Each of these unique, climate resistant homes is elevated to newest building codes, with hurricane impact windows and doors and no flood insurance required to keep expenses low. Each home features a Tesla solar roof, battery backup for maximum protection against power outages, elevated pools with fencing, 10 Year warranty on seawalls, new docks, lifts and more. Inside features vaulted ceilings, great room plan with spacious kitchens, upgraded cabinetry with quartz countertops, and porcelain plank tile throughout. Each of these homes has been thoughtfully decorated as a turnkey operation for immediate income potential. This location is poised for impactful development for long term value. Located just a 7 minute boat ride to the Gulf of America, 2 blocks to Bonita Beach, and within a mile of a dozen highly rated restaurants and eateries. Take over this lucrative rental portfolio today! This listing is for: 236 2nd St, 238 2nd St, 229 3rd St and 237 3rd St.
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:
$11,000,000
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 | $8,800,000 | $8,800,000 | $8,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.811% | 6.475% | 6.309% |
Monthly Tax Payment | $6,667 | $6,667 | $6,667 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $52,760 | $54,901 | $74,855 |
Total Monthly Payment | $59,552 | $61,693 | $81,647 |
* 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.