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39 SW 6th Ave, Delray Beach, FL, 33444 | $900,000
Qualified Opportunity Zone Development Sites in the Heart of Delray Beach comprising of two joined
0. 16 Acre properties totaling 13, 940 SF of developable land, Right on SW 6th Ave adjacent to the CRA's 6 Acres Development Site Fronting Atlantic Ave between SW 6th Ave & SW 9th Ave. Located less than one block from vibrant Atlantic Avenue and surrounded by
numerous transformative projects currently progressing through the pipeline, this deal is ripe for development.
Whether you are looking to develop, hold, or capitalize on the upcoming growth West of 5th Avenue, this portfolio is an incredible opportunity for an experienced developer.
Available at $900, 000, less than $65/SF, this Development site includes: A duplex collecting more $4300/month and a contiguous vacant parcel totaling 13, 940 SF of developable land. Positioned directly adjacent to the highly anticipated 6 acres 3 full city block mixed use redevelopment project off Atlantic Ave stretching 6th Ave to 9th Ave dubbed ALTA WEST to be anchored by a 20, 000+ SF grocery store.
Investors can benefit from significant federal tax advantages, including the ability to defer or potentially eliminate capital gains taxes through Opportunity Zone incentives. This property is a standout offering in one of South Florida’s fastest-growing corridors.
Features
- Zoning: RM (city
- Lot Desc: <1 Acre
- MLS#: A11958915
- Days on Market: 49 days
- Website: https://www.raveis.com
/prop/A11958915/39sw6thave_delraybeach_fl?source=qrflyer
Listing courtesy of BAWONS Properties, Inc Phone: 305-509-8336
William Raveis Family of Services
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.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Joseph HartleyInsurance Sales Director, William Raveis Insurance
954.729.6530
Joseph.Hartley@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
39 SW 6th Ave, Delray Beach, FL, 33444
$900,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
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 | $720,000 | $720,000 | $720,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.251% | 6.259% | 6.203% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,202 | $4,375 | $6,076 |
| Total Monthly Payment | $4,294 | $4,467 | $6,168 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388