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**SELLER TO GIFT BUYER WITH A $2, 000 CONCESSION AT CLOSING WITH STRONG OFFER!** Opportunity Awaits — Builders & Investors Take Notice!
The possibilities are endless with this unique development opportunity located in the highly desirable City of Oviedo. Per the City of Oviedo, the property is entitled to accommodate up to four total units based on its acreage. With the existing income-producing single-family home already in place, this creates the opportunity to build up to three additional units — design the project that best fits your vision. Potential options include three additional single-family homes, a duplex plus one single-family residence, or a triplex configuration.
The entire property consists of a large triangular parcel. The smaller interior triangle represents the existing homesite, while Parcel B designates the area approved for future development. City documentation and surveys outlining buildable areas and property layout are available for review.
The existing single-family home is currently leased at $1, 500 per month, providing immediate cash flow while planning future construction. Though modest in size, the home is full of charm and has been recently updated with a renovated kitchen featuring granite countertops and stainless steel appliances, an updated bathroom, fresh interior and exterior paint, luxury vinyl plank flooring throughout, modern lighting, and updated air conditioning.
Location truly sets this property apart. Just minutes from Oviedo on the Park, residents enjoy access to dining, shopping, community events, an amphitheater, splash pad, and popular gatherings such as Oktoberfest at Oviedo on the Park and Bark & Brew. Nearby attractions include Twin Rivers Golf Club, convenient access to State Road 417, and easy drives to Central Florida’s world-famous theme parks and beaches.
The property also benefits from proximity to major educational and employment hubs including University of Central Florida, Full Sail University, Central Florida Research Park, and Seminole State College of Florida — all within approximately 20 minutes.
Consistently ranked among the top small cities in the United States, Oviedo offers exceptional quality of life and top-rated public schools, making this an outstanding opportunity for developers, investors, or builders looking to capitalize on growth in one of Central Florida’s most sought-after areas.
Priced aggressively for a quick sale — act fast before this rare opportunity is gone!
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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 | $231,920 | $231,920 | $231,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.307% | 6.443% | 5.668% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,353 | $1,428 | $1,880 |
| Total Monthly Payment | $1,428 | $1,503 | $1,955 |
* 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.