Great Developer Opportunity! TWO adjacent folios being sold together, combining for a generous 10,920 sq ft (80' x 136.5') of land with a zoning capacity of up to 32 units up to 140 ft height. Folio 1 (Parcel ID #514222090490) features a well-maintained duplex currently rented as a triplex w/ converted garage, generating solid rental income from day one. Folio 2 (Parcel ID #514222090491) is a vacant lot right next door, offering a clean slate for development or future expansion. With a FAR (Floor Area Ratio) of 3, you have the potential to build up to 32,760 sq ft—a prime opportunity for developers looking to build multifamily units in a fast-growing area. ZONING: FH2 LAND USE: MIXED USE : residential & commercial uses. (multifamily, hotel/motel, live & work ,office ,retail, etc)
1734 Wiley St, Hollywood, FL, 33020
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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