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Welcome to an unparalleled investment opportunity! TWO LOTS - One Lot, zoned CFD and the other is zoned R-6. Both are strategically positioned across from the prestigious Red Tail development, making it a standout property in an already thriving location. These two lots give you 346ft of frontage on 46/Sorrento Ave!
The CFD zoning offers a wide array of possibilities, making this parcel an excellent choice for investors seeking versatility. With potential uses ranging from office spaces to assisted living facilities, churches, daycares, and more, this property opens the door to a myriad of development options. The R-6, zoning potentially allows for up to 3 units, making it an ideal prospect for investors. R-6 Zoning, also allows for other desirable uses as well.
Seize the chance to contribute to the growth of this dynamic location. Explore the possibilities, and envision the future you can create with this prime real estate. Don't miss out on the opportunity to turn this exceptional location into a thriving hub for a variety of purposes – the possibilities are endless!
For a full list of zoning uses, please reach out to Lake County Zoning or reference them here:
https: //library. municode. com/fl/lake_county/codes/code_of_ordinances?nodeId=APXALOLA_CHIIZODIRE
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Our Executive Mortgage Banker:
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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 | $176,000 | $176,000 | $176,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.880% | 7.042% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,186 | $1,156 | $1,484 |
Total Monthly Payment | $1,261 | $1,231 | $1,559 |
* 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.