Under contract-accepting backup offers. Vacant Lot for Sale – Development Opportunity Near Central Florida Fairgrounds
Ideal Site for Affordable Housing Community
Presenting a prime vacant lot with exceptional development potential, perfectly suited for an affordable housing community. In 2006, the property received preliminary approval from the City for a zoning change from R-1 to PD (Planned Development), paving the way for a 22-unit duplex development dedicated to affordable housing. This expansive lot offers a unique opportunity for builders and investors looking to create quality homes in a sought-after location.
The property is conveniently situated adjacent to the Central Florida Fairgrounds, offering residents easy access to local events and amenities. Its proximity to major roads and neighborhood attractions makes it highly desirable for future homeowners. Take advantage of this rare opportunity to contribute to the community by developing much-needed affordable housing.
4518 ARCH STREET, Orlando, FL, 32808
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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