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Presented by
The Jay and Carol Kelly Team |
Duplex Opportunity in Citrus Springs – Ready-to-Build Lot in a Prime Location!Exclusive Highlight: This lot is perfect for those looking to build a duplex! With a generous size of 0. 27 acres, it offers an excellent opportunity to take advantage of the region’s growing appreciation potential, ideal for anyone seeking to build a multifamily property. Property Description: This 0. 27-acre lot is perfect for constructing a duplex, offering a great opportunity for investors or families who want to have a home with potential for extra income. The area is rapidly developing, meaning significant appreciation potential over time. Key Features: Duplex Lot: Ideal for building a duplex, offering flexibility to live in one unit and rent out the other, or to create a long-term investment property. R2 Zoning: The R2 zoning allows for the construction of a multifamily structure, making it perfect for those seeking rental income or a spacious living arrangement. No HOA Fees: Enjoy the freedom to develop your property without additional costs or restrictions. Location Advantages: Growing Area: Situated in a peaceful neighborhood that is continuously developing, ensuring future appreciation potential. Accessibility: Easy access to major roads in the region, providing convenient travel to nearby cities like Tampa and Orlando. Proximity to Natural Attractions: Just 20 minutes from Rainbow Springs State Park, offering various outdoor activities and scenic nature spots. Investment Potential: This lot presents an excellent opportunity for anyone looking to build a duplex in an area with strong growth and appreciation potential. The opportunity to generate rental income or utilize the space functionally makes this land a smart investment for the future.
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Our Executive Mortgage Banker:
Our Insurance Division:
$40,900
Sales Associates
William Raveis Real Estate
Phone: 860.550.0295
TheKellyTeam@Raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $32,720 | $32,720 | $32,720 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.583% | 6.533% | 5.764% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $194 | $204 | $267 |
| Total Monthly Payment | $269 | $279 | $342 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.