Investment Opportunity: 10-Unit Multifamily/Motel in Ormond Beach. Discover a rare opportunity in Ormond Beach with this 10-unit multifamily/motel property. Situated in an area allowing for 22 luxury beachfront condominiums, this oceanfront property offers unique potential at an attractive price point.Prime Location: Close to Ormond Beach's sandy shores, this property is well-positioned for future development. Development Potential: Zoning permits the construction of multifamily, making this property a lucrative investment. Oceanfront Access: Enjoy direct access to the beach and stunning ocean views from every unit. Investment Potential: With demand for upscale beachfront properties rising, this property offers a promising investment opportunity.
2040 Ocean Shore Blvd, Ormond Beach, FL, 32176
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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