Rare investment opportunity in Apopka featuring 2 single-family lots totaling approximately 0.46 acres offered together for $255,000. The primary lot at 721 S Washington Ave previously had a home on site and already has water and electric in place, creating added value and potential savings for redevelopment. The second adjacent lot is also included, making this an ideal 2-for-1 opportunity for builders, investors, or buyers looking to maximize returns. Zoned single family with recent new construction comps averaging around $400K+, this property offers strong upside potential to build and resell 2 homes or hold as a long-term investment in a growing Central Florida market close to major highways, shopping, dining, and Orlando access.
727 S Washington Avenue, Apopka, FL, 32703
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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