901 NW 3rd Ave, Fort Lauderdale, FL, 33311 | $1,099,000
Fantastic corner lot, in a Certified Opportunity Zone, in the Progresso Village neighborhood of Fort Lauderdale, with a pending DRC approval for a modern, 7-unit apartment building with parking. (4) 3-bedroom units, (1) 2-bedroom units, and (2) 1-bedroom units with 14 parking space lot. Plans available to share - please inquire. Architectural plans, landscape plans, and civil plans are completed and included in the sale. Owner is a licensed GC and is willing to build this for an investor after the sale. DRC Approval anticipated within 60 days. Buyer to be responsible for final building permits. AirBnB/Short Term may be a great play for these units as well to maximize income. Located off of Sunrise Blvd, near a new Wawa, Flagler Village, Las Olas, and downtown Fort Lauderdale.
Features
- Zoning: RMM-25
- MLS#: A11623250
- Days on Market: 63 days
- Website: https://www.raveis.com
/prop/A11623250/901nw3rdave_fortlauderdale_fl?source=qrflyer
Listing courtesy of Tesla Realty Group, LLC Phone: 844-837-5274
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
901 NW 3rd Ave, Fort Lauderdale, FL, 33311
$1,099,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
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 | $879,200 | $879,200 | $879,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,630 | $5,702 | $7,719 |
| Total Monthly Payment | $5,755 | $5,827 | $7,844 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388