Opportunity to invest in a property with immense potential. Whether you're looking to expand your portfolio or embark on a new development project, 5015 Darlington Rd. in Holiday, Florida, offers the ideal canvas for your vision. Property priced to accommodate repairs.
Overview
Discover a unique investment opportunity with this expansive 7. 34-acre property located in the heart of Holiday, Florida. Currently zoned as A-R Agricultural - Residential, this versatile land offers incredible potential for rezoning to MF (multi-family)development, making it an ideal choice for savvy investors and developers.
Key Features
1. A generous 7. 34-acre lot provides ample space for diverse development opportunities, including multi-family housing projects.
2. Prime Location: Conveniently located in southern Pasco county, Holiday, Florida, ½ mile from US-19.
3. Neighboring property was developed by LENNAR Development Company, roughly 70 townhomes, “Townes of Darlington”
. . . Situated in the growing community of Holiday, Florida, this property is conveniently located near shopping centers, schools, parks, and other essential amenities.
Rezoning Potential: With the area's increasing demand for housing, this property holds significant potential for rezoning to multi-family, enhancing its investment value.
* Current Property Features Multiple Buildings:
* Gymnasium, approximately 5, 700 sq. ft. 69 x 83 with 20-foot open ceilings, fully air-conditioned and insulated with kitchen and rest rooms. Building can be sold separately
* A Single-Family Home back of property 2, 100 sq ft
* Small hall 4, 000 sq. ft.
* Daycare Facility 4, 400 sq. ft. with kitchen
* Barn
* Large Parking Area
****Versatile Use: While currently zoned for agricultural and residential use, the property's size and location make it suitable for various development possibilities, from residential communities to mixed-use developments.
* Accessibility:
* The property boasts excellent connectivity, with easy access to major roads and highways, facilitating convenient travel to and from the area.
Investment Potential
* Growth Opportunity: The potential for rezoning to multi-family use aligns with the region's growing demand for residential spaces, promising lucrative returns for developers.
* Community Appeal: Holiday, Florida, is a thriving community with a strong demand for quality housing, making this property a strategic investment for future development.
Development Potential: This property is ideal for a visionary developer looking to maximize its potential. The existing gymnasium could be integrated into the overall development plan, providing a versatile space for various uses, the possibilities are endless.
Disclaimer: All information provided is deemed reliable but is not guaranteed and should be independently verified. Potential buyers are advised to consult with local authorities regarding zoning and development regulations
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NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,260,000 | $1,260,000 | $1,260,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.826% | 6.936% |
Monthly Tax Payment | $97 | $97 | $97 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,172 | $8,172 | $11,150 |
Total Monthly Payment | $8,394 | $8,394 | $11,372 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.