Fantastic corner lot, in a Certified Opportunity Zone, in the Progresso Village neighborhood of Fort Lauderdale, with a pending DRC approval for a modern, 7-unit apartment building with parking. (4) 3-bedroom units, (1) 2-bedroom units, and (2) 1-bedroom units with 14 parking space lot. Plans available to share - please inquire. Architectural plans, landscape plans, and civil plans are completed and included in the sale. Owner is a licensed GC and is willing to build this for an investor after the sale. DRC Approval anticipated within 60 days. Buyer to be responsible for final building permits. AirBnB/Short Term may be a great play for these units as well to maximize income. Located off of Sunrise Blvd, near a new Wawa, Flagler Village, Las Olas, and downtown Fort Lauderdale.
901 NW 3rd Ave, Fort Lauderdale, FL, 33311
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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