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Presented by![]() Laurie E. Shiff |
Discover a remarkable investment opportunity at 560 26th Street South in vibrant St. Petersburg, FL. This prime property is zoned Industrial Traditional, allowing for the development of up to three flex space or warehouse units, or even live-work style accommodations (see attached rendering). Currently, the property features a charming 3-bedroom, 1-bathroom single-family home with a updated roof, HVAC, electrical, plumbing that is already generating a steady income of $2, 261 per month, providing immediate cash flow as you finalize your redevelopment plans. Situated in a dynamic area known for its growth and accessibility, this unique location offers the perfect blend of residential and commercial potential. Whether you’re looking to expand your investment portfolio or create a custom space tailored to your vision, this property presents an exceptional canvas to achieve your goals. Seize the opportunity to capitalize on the thriving St. Petersburg market while enjoying the benefits of existing rental income. Don’t miss out on this rare find—explore the possibilities!
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Our Executive Mortgage Banker:
Our Executive Mortgage Banker:
Our Insurance Division:
$375,000
Sales Associate
William Raveis Real Estate
Phone: 203.912.4014
Laurie.Shiff@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.5535
Mace.Rattet@raveis.com
NMLS Mortgage Loan Originator ID 69957
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.2006
Francine.Silberman@raveis.com
NMLS Mortgage Loan Originator ID 69244
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $300,000 | $300,000 | $300,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.050% | 6.152% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,872 | $1,971 | $2,511 |
Total Monthly Payment | $1,947 | $2,046 | $2,586 |
* 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.