|
Broker is pleased to present this Incredibly Prime Multi-family site located in Yulee, Florida.
11 acres (275 units) Multifamily Development.
Additional acreage available - Flexible up to 375 units.
Mitigation credits purchased (to be reimbursed to Seller).
Ashley Furniture OPEN on the Chester Road 3 acre out-parcel. Ashley Furniture is BOOMING and one of the BEST Performing stores out of 1, 125 stores in the US.
25 Units/Acre Approved.
One of the ONLY Multi-Family Sites Available in Yulee with more than 20, 000 (+-) new homes coming. . . .
Mitigation credits purchased (to be reimbursed to Seller).
It is a balanced site so no need to import any fill dirt - good yellow sand.
De-mucked and cleared but not filled.
Topo Available.
Signage available on Chester Road.
Sewer and Water Available to the site.
Access from Courtney Isles Way.
Additional Two more 2-Acre (+-) Commercial Out-parcels available.
This site is situated on an upcoming major artery and future evacuation route, Chester Road, with frontage also on Pages Dairy Road and Courtney Isles Way. Located directly behind Home Deport, this site is also very close to Target, Publix, JOANN’s, and Kohl’s, in addition to Chili’s, Starbucks, Whataburger, and a movie theater!
Absolutely a SPECTACULAR Site for a Multi-family Site.
Located next door to Courtney Isles Apartments, a luxury apartment home complex that has been very successful and are at capacity.
The Seller has purchased the mitigation credits and the Buyer would reimburse the Seller at closing for these costs.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$7,000,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $5,600,000 | $5,600,000 | $5,600,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.440% | 6.133% | 6.058% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $32,237 | $33,575 | $46,879 |
| Total Monthly Payment | $32,362 | $33,700 | $47,004 |
* 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.