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Full details for Other For Sale in Saint Cloud, Florida

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Description

BUILDER ALERT INVESTMENT OPPORTUNITY!..HIGH AND DRY LOTS.. The seller is selling 2 independent lots parcels (1)07-26-31-4950-0001-0578 & lot (2) 07-26-31-4950-0001-0579 for over 1.5 acres of combined land, lots are side by side. Buyer must buy both lots. Buyers can buy and divide into 4 lots in order to build 4 new homes like the next-door neighbor has done already or check with the city of St Cloud and combine the 2 lots and build 14 to 15 Townhouses..Many possibilities IN THIS AREA. Fantastic OPPORTUNITY WITH LOTS OF GROW IN THE COMMUNITY. Many retail shops and jobs are conveniently located nearby. Other nearby points of interest include 2.5 miles to Downtown St. Cloud, 3 miles to Walmart, 1.5 miles to Publix, 1 Mile to Aldi, 25 miles to Disney World, 30 miles to Orlando, and 21 miles to the Orlando airport. The County has approved across the street a project called Roan Bridge Residential community which is a 273-acre approved mixed-use Development in Osceola County. It will include, 625 single-family residential permitted units, 299 townhome residential permitted units, and 300 apartment units, plus70,000+/- SF of commercial space, 30,000+/- SF of office space, and 1,586,455+/- SF of civic space. OPPORTUNITY IS KNOCKING...If you are interested in purchasing the lots give me a call as I have a lender that would do financing as follow- vacant residential land loan is on a 15-year term with the rate fixed for the first five years (currently at 6.5% without buying points) and is adjustable every six months after until paid off or refinanced to a construction-to-perm loan within that first five years. There is no pre-payment penalty. A 25% down payment is needed on the purchase of the vacant land, plus closing costs and reserve requirements. The total payment will also include escrow for property taxes on the lot. A minimum middle credit score is 700 to qualify. The debt-to-income limit is 43% including the land loan payment itself, current housing expenses, and other obligations. (auto loans, credit cards, mortgages, child support, etc.). Back to listing