Multifamily or single-family development opportunity for the savvy investor/developer. RMF-3 allows for several residential type housing. If single-family development is your preference, you must follow RSF-4 guidelines and regulations. Minimum lot size for single-family is 6,000 S.F. and minimum lot width is 50’. With the site measuring 205’alond Ave La Palma and 140’ fronting on US-41/Tamiami Trl,, technically one could develop 4 single family lots. Under RMF-3, semi-attached Townhouse, Roof Deck Townhouse, Stacked Townhouse, Multiplex and Multifamily are acceptable. Sarasota County Utilities show water and sewer lines runs along the boarder of the site. According to FEMA maps, the Flood Zone Code is X500. BUYER IS RESPONSIBLE FOR VARIFING UTILITIES, FLOOD ZONES, AND ZONING REGULAITONS.
Avenida La Palma, Nokomis, FL, 34275
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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