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2-acre industrial development opportunity in Morris Industrial Park with a full set of building plans included and permitting achievable in approximately 30–45 days. Skip the 18–24 months of engineering, environmental studies, and design work and move straight toward construction. The approved site plan features two one-story buildings, each approximately 8, 400 square feet. The north building is 50’ x 168’ and designed for seven RV or storage units, while the south building is 60’ x 140’ and designed for office and light manufacturing use. Environmental studies are available, and full engineering and site planning have already been completed. Located off River Road with direct access to US-41 and I-75 in a high-demand industrial corridor. This is a permit-ready project that saves significant time and money for investors or owner-users looking to fast-track development.
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Our Executive Mortgage Banker:
Our Insurance Division:
$764,995
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
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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 | $611,996 | $611,996 | $611,996 |
| 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 | 6.345% | 6.533% | 5.783% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,620 | $3,818 | $4,997 |
| Total Monthly Payment | $3,712 | $3,910 | $5,089 |
* 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.