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Under contract-accepting backup offers. Discover the perfect investment opportunity with this unique canal-front duplex offering a total of 2, 499 square feet of updated living space. This property features two separate rental units designed for both comfort and functionality. The first unit is a spacious double-wide mobile home with 3 bedrooms and 2 bathrooms, with an expected rent of $1, 650 per month in long-term rental income. The second unit is a beautifully engineered frame home addition with 3 bedrooms and 1 bathroom, available for $1, 500 per month. Both units have been completely renovated with modern upgrades and engineered firm drawings, ensuring quality and durability. Situated on a private 1/4-acre lot at the end of a cul-de-sac, this property offers a fully fenced yard, perfect for gatherings or peaceful retreats. Its prime waterfront location features canal access, a boat slip, and stunning views, all with no HOA fees to maximize its investment appeal. Conveniently located in the heart of Leesburg, FL, it is close to restaurants, grocery stores, schools, parks, and other amenities. With a solid return potential and a prime location, this duplex is an excellent addition to any investment portfolio. Whether you’re looking to expand your rental properties or enter the real estate market, this canal-front gem won’t last long. Schedule your showing today!
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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
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $165,600 | $165,600 | $165,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.750% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.894% | 6.936% | 6.006% |
Monthly Tax Payment | $152 | $152 | $152 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,006 | $1,074 | $1,375 |
Total Monthly Payment | $1,233 | $1,301 | $1,602 |
* 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.