5161 Berkley ROAD, Auburndale, FL, 33823 | $3,750,000
MULTIFAMILY DEVELOPMENT OPPORTUNITY! Apartment site in growing Auburndale along Berkley Road at the Pace Road intersection. 17. 62 acres on three parcels. Currently zoned within Unincorporated Polk County. Approval has been given by the City of Auburndale to annex into the City. A new multi family PD-H2 zoning classification will likely be utilized, which would allow 15 units per acre. Estimated units between 225-275. 50' height allowed for a 3 story complex. A master lift station development is underway to the south of properties, which will service this site. Sewer construction should be compete in 12-18 months.
The location is a few miles north of US 92, an east west thoroughfare that travels the entire state. Auburndale, FL is well positioned in the state, on the important I-4 corridor between Tampa and Orlando, and locally between Lakeland and Winter Haven FL. It has a population of 18, 000.
Berkley Charter school resides across the street from this site and Florida Poly Tech (University) is also nearby. The location is within minutes from the US 92 corridor - close to big box retailers, grocery, retail and restaurant. The Polk Parkway is very close by - this roadway is an efficient toll highway, linking Polk County, between Exits 25 and 41 on Interstate 4.
There are existing occupied homes on each of the parcels at present. Other address include 1913 County Road 655, Auburndale FL 33823 & 100 My Drive Way, Auburndale FL 33823
Features
- Lot Size: 767527
- MLS#: O6127601
- Days on Market: 120 days
- Website: https://www.raveis.com
/prop/O6127601/5161berkleyroad_auburndale_fl?source=qrflyer
Listing courtesy of SVN SAUNDERS RALSTON DANTZLER REAL ESTATE Phone: 863-648-1528
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
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
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
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
5161 Berkley ROAD, Auburndale, FL, 33823
$3,750,000
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 | $3,000,000 | $3,000,000 | $3,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $19,458 | $19,209 | $26,340 |
| Total Monthly Payment | $19,583 | $19,334 | $26,465 |
* 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