Great income producing commercial, multi-family and business opportunity in Palatka's downtown Riverfront district. This listing consists of two buildings (910 and 918 St Johns Ave) These amazing historic buildings have been completely renovated from the ground up. 910 currently is the home of Rivertown Suites Marketplace, which hosts five separate businesses with 14 booths on the first floor. First floor is approx 3583 sq. ft. Second floor consists of six, one bedroom fully furnished apartments that are roughly between 500-800 sq ft and a laundry room, with two coin operated washers and 2 coin operated dryers. This building has their own parking lot for the tenants that live in the building.
918 building includes 3 separate storefronts and currently is home to 3 local business owner owner
910 & 918 ST JOHNS Avenue, Palatka, FL, 32177
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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