Incredible redevelopment opportunity in Fort Lauderdale! This prime property currently includes a single-family home plus an efficiency unit in the rear, but the true value lies in its exceptional RMM-25 zoning. Allowing for medium-high-density multifamily residential development up to 25 units per acre, this zoning opens endless possibilities for savvy investors or developers. Envision duplexes, townhomes, boutique apartments, or even a vibrant mid-rise residential community or mixed-use project in this highly desirable area. No violations exist, and the property is meticulously maintained, making it turnkey-ready for your vision. Don't miss your chance to unlock the full potential of this strategically located gem!
501 SE 21st St, Fort Lauderdale, FL, 33316
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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