Exceptional new land offering and prime development opportunity! Featuring five consecutive lots in Roser Park, measuring 240-by-130-feet. This prime parcel of land is fully prepared for a thriving development project, with a planned site plan for 18 units ready for construction. Vacant land highlights include elevation on an x500 elevation site, with no flood risk, according to the owner. Prime density so take advantage of the exceptional density in this rapidly developing area. Strategic location so you can enjoy unparalleled access to a thriving thoroughfare, enhanced by nearby developments such as the Tropicana redevelopment site, Johns Hopkins and University of South Florida. This is a unique and rare vacant land opportunity of this size to invest in a well-planned area and the Roser Park community that promises to thrive. Planned development is a rare opportunity at MLK-9th Street and 11th Avenue S. , featuring five consecutive lots. This prime land is fully prepared for a thriving development project, with a planned site plan for 18 units ready for construction. Planned development key features include mixed-use development as the project includes four buildings comprising 10 townhomes, four mixed-use units, and a two-story commercial building featuring three one-bedroom apartments on second floor and a spacious 2, 800-square-foot restaurant and pub on first floor.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,490,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,992,000 | $1,992,000 | $1,992,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.826% | 6.936% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,920 | $12,920 | $17,627 |
Total Monthly Payment | $13,045 | $13,045 | $17,752 |
* 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.