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Fantastic Downtown Naples Retail Investment – Double Unit. An incredible opportunity awaits in Downtown Naples! This versatile retail property offers a prime location just minutes from Fifth Avenue South, close enough to enjoy the vibrant downtown energy without the premium pricing that comes right on 5th. Currently leased to a well-established auto supply business, this double-unit property brings in $2, 700 per month per side. The tenant has expressed potential interest in renewing the lease, offering immediate cash flow and stability for a new owner. With excellent drive-by exposure, convenient access, and the buzz of Downtown Naples all around, this property is perfect for investors seeking a solid income stream or a future owner-user looking to establish their business in a sought-after location. b Downtown Naples continues to thrive — and opportunities like this are getting harder to find. This property offers a unique blend of solid income now and outstanding future potential. Reach out today for more details or to schedule a private tour of this excellent commercial opportunity!
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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 | $719,200 | $719,200 | $719,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.727% | 6.560% |
Monthly Tax Payment | $164 | $164 | $164 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,370 | $4,605 | $6,216 |
Total Monthly Payment | $4,626 | $4,861 | $6,472 |
* 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.