Discover an incredible chance to own a . 022-acre lot in a highly sought-after location in North Fort Myers. This amazing investment opportunity is zoned TFC-2, allowing for both residential single-family and duplex multifamily development. Whether you're looking to build your dream home or expand your investment portfolio, this lot is perfect for your next project!
Key Features:
Location, Location, Location: Nestled in a vibrant community, this lot offers easy access to local amenities, parks, shopping, and dining, making it an ideal spot for families or renters.
Zoning Flexibility: The TFC-2 zoning allows for versatile development options, including the possibility of constructing a duplex to maximize rental income. NO HOA !!
Existing Structure: The property already features a small garage, which can be utilized as a unit or converted into additional living space, adding immediate value to your investment.
Affordably Priced: Listed at just $49, 999, this lot represents an exceptional value in the booming Southwest Florida real estate market.
Don’t miss out on this rare opportunity to invest in a prime piece of real estate in North Fort Myers. Act now and start envisioning your future here!
NO HOA !!
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Our Executive Mortgage Banker:
Our Insurance Division:
$42,000
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 | $33,600 | $33,600 | $33,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $224 | $223 | $288 |
Total Monthly Payment | $299 | $298 | $363 |
* 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.