Fully entitled 12-unit multifamily development site at 901 S H Street in Lake Worth Beach. This rare 0.34-acre corner lot comes with a signed Development Order from the City, allowing a developer to skip years of approvals and move directly toward construction. Approved plans are available and call for a premium 2-story apartment building with eight 1-bedroom, two 2-bedroom, and two 3-bedroom units, though the site also offers strong long-term building possibilities in a growing TOD-E district. Minutes from I-95 and the beach, and near the Florida East Coast Railroad, the property features durable storm-ready construction, impact-rated openings, energy-efficient systems, bicycle storage, breezeway corridors, covered balconies, and drought-tolerant landscaping.
Subdivision:
LAKE WORTH TOWN OF
Utilities
Electricity Available, Sewer Available, Water Available
Lot Description:
Corner Lot, Irregular Lot, Sidewalks, Curbs, Drainage, Gutter, Street Lights, Storm Sewer(s)
Elementary School:
South Grade
Middle School:
Lake Worth
901 S H Street, Lake Worth, FL, 33460
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.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
