An exceptional investment opportunity: two adjacent lots for sale, Lot priced individually (see also MLS#P4933411) available individually or as a combined parcel, ideally suited for multi-family residential development. These properties are located in the thriving city of Lakeland, perfectly situated between Tampa and Orlando, offering unparalleled access to I-4, major hospitals, vibrant shopping districts, and the city's downtown area. This lot, zoned MF-22, presents a prime location for constructing your dream home or a duplex, providing both comfortable living and the potential for rental income. Alternatively, the acquisition of both adjacent lots would allow for a larger-scale multi-family development project. This presents a compelling investment opportunity for discerning builders and investors seeking to capitalize on Lakeland's robust growth and strategic location. Please contact me or your Agent to discuss this opportunity further and arrange a showing.
515 W Magnolia STREET, Lakeland, FL, 33815
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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