Investment Opportunity in Downtown Macclenny
Located very close of downtown Macclenny's restaurants and shops, this 3-bedroom, 2-bath home offers a unique opportunity for investors and builders. The property has sustained fire damage; however, the structure remains sound. The current owners have completed all necessary due diligence, including inspections and permit applications with both the city and county. A permit is currently being processed with the county, and the sale includes architectural blueprints for the property's rehabilitation. Please note that the City of Macclenny requires the existing structure to be rehabilitated as a single-family residence; demolition and new construction are not permitted. Buyers are responsible for conducting their due diligence.
47 N 5TH STREET, Macclenny, FL, 32063
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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