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PRIME MULTI-FAMILY OR DUPLEX LOT – INVESTOR OPPORTUNITY!
This exceptional lot offers the perfect opportunity to build a duplex for rental income or a single-family home in a high-demand location. Conveniently located with easy access to US-41 (Tamiami Trail), this property is just minutes from Port Charlotte, North Port, and Englewood. Known for its world-class fishing and boating, Port Charlotte is also a short drive from multiple beaches, including Boca Grande and Englewood Beach, both approximately 30 minutes away. Centrally positioned, this lot allows for a quick 45-minute to 1-hour drive to Venice, Fort Myers, and Siesta Key.
With northern rear exposure, enjoy breathtaking Florida sunrises and sunsets right from your backyard. The property is currently not in a Scrub-Jay zone (buyer to verify) and sits in Flood Zone X, meaning flood insurance is not required.
Now is the time to invest in Florida land. Secure this prime lot today and take advantage of the growing demand for new construction in this thriving area!
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Our Executive Mortgage Banker:
Our Insurance Division:
$45,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $36,000 | $36,000 | $36,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.949% | 7.017% | 6.034% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $222 | $236 | $299 |
Total Monthly Payment | $297 | $311 | $374 |
* 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.