10.95 acres located in an Opportunity Zone within the City of Ocala. Entitled for 105 units of two story or 140 units of three story on 7+/- buildable acres. The property is located across the street from the brand new 277 unit Aurora St Leon apartment complex and the beautiful hiking trails of the Ocala Wetland Recharge Park. The new $10m 41,750sf two-story Mary Sue Rich Community Center is the immediate neighbor to the south. This new community center features designated indoor space for senior, youth, and family programs, a public library, a 400-seat banquet and event space, fitness equipment, an indoor walking track, two full basketball courts, pickleball, and multi-purpose studio rooms. Large employers such as Amazon, Chewy.com, FedEx and AutoZone distribution centers are located 2.5 miles to the north. The area offers a robust workforce of 287,330 within the three county area (45 minutes).
1836 NW 21st STREET, Ocala, FL, 34475
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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