Prime vacant lot in Fort Lauderdale zoned RD-15, allowing single-family or duplex (two-family) development. Lot size 6,363 SF exceeds the 6,000 SF minimum for duplex construction. Located in a desirable residential area within FEMA Flood Zone X (verify on FEMA Map Service Center). Excellent opportunity for developers, builders, or end users to build a luxury single-family residence or income-producing duplex. Recorded plat (PB 30, PG 28). Legal reflects Lot 20 less the north 10 feet. Folio: 504209240400. Property pending official street number assignment from the City. Any conceptual renderings are for illustration purposes only and do not constitute approved plans. Buyer to verify zoning, density, setbacks, and all development requirements with the City of Fort Lauderdale.
0 SW 16th Ave, Fort Lauderdale, FL, 33312
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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