Stop paying for pre-development headaches, this one's already done for you. Shovel-ready development site in prime Fort Lauderale to build (2) townhomes. Situated just north of the prestigious Victoria Park corridor, this prime Fort Lauderdale parcel is one of the most turnkey development opportunities on the market today.
Approved plans for two luxury townhomes and projected to sell between $1.25M–$1.5M each. The property was independently appraised at $700,000 in December 2024 and has been priced at a discount for a quick sale. There is nothing left to do but build. For a sophisticated developer, this is not just a lot. It's a $2.5M–$3M exit already in motion, with the time, risk, and carrying costs of pre-development already eliminated. Opportunities like this don't sit. Call today.
1120 NE 15th Ave, Fort Lauderdale, FL, 33304
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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