Investment-Grade Land for Savvy Builders & Developers. This is a premier opportunity to secure a cleared, platted 1.12-acre infill parcel located in a federally designated Opportunity Zone and within Daytona Beach's redevelopment district. Zoned RMD-6, this site is approved by right for up to 8 units, with potential for a density bonus. Flat, dry, and cleared parcel. Flood Zone X - No flood insurance required. Clear title. Ideal for build-to-rent investment strategy. Build a multi-family property to increase your return on investment! Directly across from Daytona Beach Golf Club. Proximity to Halifax Health, Daytona State College, I-95, US-1, and the beach. Within Daytona Beach's official Redevelopment Zone. This property offers the rare opportunity. Urban infill positioning. Build-ready canvas with immediate development potential.
530 SHADY Place, Daytona Beach, FL, 32114
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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