This uniquely shaped commercial vacant land parcel is available for development. It is 0.52 acres and is accessible from SW 164th Place Road and Alley Road. It is a joint in the curve of both roads leading to Marion Oaks Lane and Marion Oaks Manor. The property sits on a paved road with access to the Marion Oaks subdivision and is zoned B2. The seller financing terms are cash or 50% down payment with owner financing available. Owner Financing Terms: 10-year amortization at 9.9% (no pre-payment penalty). Buyer pays all closing costs plus $950 administration fee.
TBD SW 164th Place ROAD, Ocala, FL, 34473
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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