This vacant lot zoned as RMF1 (Residential Multi-Family 1), offers a prime opportunity for residential development in a rapidly growing area. This zoning designation permits the construction of multi-family residential units, making it ideal for developers interested in building duplexes or similar housing structures. Notably, there is an available listing adjacent to this property that features a duplex (MLS C7503562), presenting a unique opportunity for investors to acquire both parcels and expand their development potential. The property's location is highly advantageous, situated minutes away from Warm Mineral Springs, a renowned local attraction known for its therapeutic waters. Additionally, the area is free from deed restrictions and HOA fees, providing flexibility for development.
Lot 17 San Marco AVENUE, North Port, FL, 34287
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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