901 NW 3rd Ave, Fort Lauderdale, FL, 33311 | $1,099,000

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.

Features

  • Zoning: RMM-25
  • MLS#: A11623250
  • Days on Market: 63 days
  • Website: https://www.raveis.com
    /prop/A11623250/901nw3rdave_fortlauderdale_fl?source=qrflyer
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Listing courtesy of Tesla Realty Group, LLC   Phone: 844-837-5274

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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901 NW 3rd Ave, Fort Lauderdale, FL, 33311

$1,099,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $879,200 $879,200 $879,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.282% 6.762% 6.036%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,630 $5,630 $7,719
Total Monthly Payment $5,755 $5,755 $7,844

* 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.