Two adjacent duplexes/properties (3903 & 3909/4 doors now) combined, being sold only as a package for $4.5 million. Opportunity for developer/investors to build townhouses. Together, lots amount to 25,525 sf and buildable area of 17,000 sf. yielding up to 7 townhomes. Planning for each at 2,428 livable sf with 22' of frontage. Combined lots have Ponce in the front and SW 39th Ave in the rear for garage entrances. Prime location in Coral Gables walking distance to Shops at Merrick Park and downtown Coral Gables. Do the math, is is a very unique opportunity for the savvy investor.
3903 Ponce De Leon Blvd, Coral Gables, FL, 33134
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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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