Rare opportunity for a developer, an owner/ user or an investor. Located within the city of Ocala, this 15.46 acres (3 parcels combine) includes a 3/2 home with inground swimming pool is less than a mile from Silver Springs Park off Hwy 40 across the street from Wal Mart supercenter. All three parcels are zoned R3, perfect for multifamily dwellings, can create a small subdivision. Three parcels combine together are able to build more than 50 single family homes. Two of the three parcels are cleared of trees. Owner has an unfinished project to develop a subdivision due to family matter. Home has been vacant for period of time, it needs renovation.
2420 NE 48 COURT, Ocala, FL, 34470
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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