Nestled in the heart of Ocala, this property presents an ideal development opportunity within one of Central Florida's most vibrant communities. Known for its beautiful horse farms, natural springs, and welcoming neighborhoods, Ocala offers a thriving lifestyle for both families and young professionals. With convenient access to shopping, dining, schools, and recreational amenities, the area is attracting steady growth, making it a fantastic location for multi-family or residential development.
Zoned R3, this parcel supports a potential density of up to 40 units, offering significant upside for investors or developers. Surrounded by established neighborhoods and apartment complexes, the property is positioned for success in a sought-after area with strong rental and housing demand.
Priced to sell, this property is part of a wholesale transaction requiring a simultaneous closing. Buyers are encouraged to complete all due diligence to confirm the property's full potential. The seller is authorized to market in this manner.
Don't miss this chance to invest in Ocala's growth! For more information or to schedule a showing, please call today.
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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 | $292,257 | $292,257 | $292,257 |
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 | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,944 | $1,942 | $2,465 |
Total Monthly Payment | $2,019 | $2,017 | $2,540 |
* 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.