This 1.03-acre parcel if rezoned, Residential Multifamily-20 (RMF-20), offering outstanding potential for residential development. The RMF-20 zoning allows for multifamily dwellings, single-family homes, duplexes, and townhomes, providing flexibility for a range of housing projects.
The property features approximately 140 feet of frontage, enhancing accessibility and curb appeal. It is located within Flood Zones X and A, with the majority of the land in Zone X (minimal flood risk) and only a small portion in Zone A.
An ADDED OPPORTUNITY: the adjacent property is also for sale, presenting the option to expand the development footprint and increase project scope.
This is a prime opportunity for investors or builders seeking a versatile residential site in a growing area.
835 TERRACE AVENUE, 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.
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
