Attention investors and developers! This lot has future zoning of multi-family! Located next to a Seminole County Opportunity Zone, this is your chance to own one or two side by side Lake Mobile lakefront lots for a total of 3.47 acres! There's a price adjustment if both are purchased. See MLS OO593736 for 2nd lot details. Currently zoned residential, future land use is medium density of 10 units per acre. Lots are partially cleared with some trees. There's 192.42 street front and 56.62 lake front footage. The lot is located just blocks from the new East Town Center in Altamonte Springs and the Sun-Rail Station. Future plans include multi-use urban businesses, housing, and parks in a new walkable development. Located in an exceptional school district and close to shopping, restaurants, a top rated hospital, huge shopping mall, major roads and I-4. Welcome to your newest development project!
Marker STREET, Altamonte Springs, FL, 32701
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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