FOR SALE 3 LOTS, ZONED FOR DUPLEX, for a total of 6 buildable units. Each lot is sold separately. Attention Investors, Builders, and First-time buyers!! Ready to build your first duplex? Excellent Location, only 45 minutes driving distance from Orlando and Tampa with easy access to Polk Pkwy. There are no HOA fees. If you are looking to commute from Brandon, Tampa, and the Orlando area, this is it! You could live on one side and rent the other side to help you pay the mortgage. The lot is located on a cul-de-sac close to Lake Side Village and Lakeland Airport on the south side of Lakeland. Opportunities like this are rare; don't miss the chance to invest in your future while you build your own place and start your portfolio today! 2 more lots are available for sale next to this one; you could buy one or buy all 3. The listing price is for each lot.
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Our Executive Mortgage Banker:
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$100,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $80,000 | $80,000 | $80,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $532 | $532 | $675 |
Total Monthly Payment | $607 | $607 | $750 |
* 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.