Prime Boynton Beach development opportunity on 1.32 acres with income in place.
Property includes a small single-family home currently generating $2,300/month plus additional miscellaneous rental income.
The site received county approval in 2017 for five (5) single-family homes with zero lot lines. Buyers are encouraged to review the attached site plan and approvals in the MLS.
Public water and sewer are available from the adjacent community (currently on well). Ideal for a small developer or investor seeking a ready-to-entitle infill project in a high-demand location, just minutes to I-95 and the Florida Turnpike. Excellent holding property with cash flow today and strong development upside.
Lot Size:
265.0 ft x 220.0 ft
Utilities
Cable Available, Electricity Available, Sewer Available, Water Available
Lot Description:
Cleared, Home, Utility Building
3865 Aladdin Avenue, Boynton Beach, FL, 33436
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
