This is two of three adjacent parcels totaling .91 acres with alley access poised for development in St. Petersburg's Community Redevelopment Area. The parcel is zoned NSM1 but new zoning changes allow developers to follow NTM1 building requirements to increase the max buildable units and FAR without a variance. The lot is approximately ten minutes to downtown St. Pete and ten minutes to St. Pete beach surrounded by new construction. Max of 28 units, 28,000 square foot build at a 10% cap rate for developers interested in this lot and the adjacent lot.
3427 21st AVENUE S, #Lot 13 and 14, St. Petersburg, FL, 33711
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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