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Under contract-accepting backup offers. One or more photo(s) has been virtually staged. Attention FIRST TIME REAL ESTATE INVESTORS! Begin your journey into real estate investing with this exceptional Murphy duplex in the beautiful downtown Orlando neighborhood of College Park, a short Uber ride away from the vibrant heart of downtown, a vital SunRail station, Dr. Phillips, Kia Center. This is an opportunity to create your own income stream for your future based on twenty plus years of stable rental history - she’s always rented and is low maintenance. ROOF 2023; HVAC 2012/2024; STONE COUNTERTOPS 2022; APPLIANCES 2020; WATER HEATERS 2015/2020. This gem holds an advantage as a duplex grandfathered into 32804, creating a golden ticket for a savvy investor ready to build her portfolio – starting with this property. HarvardDuplex comes with an exclusive offering from the listing agent—a comprehensive rental management tutorial and "get started" package to streamline the process of securing your first tenant and the ongoing management of your first rental property. This versatile investment allows for numerous strategies – rent out both units for consistent cash flow or consider house hacking by residing in one and leasing the other. Positioned for either long term rentals or as a prime downtown Orlando Airbnb, this property could cater to concert goers and event attendees, adding to its allure and rental demand. HarvardDuplex has two units - each featuring a two bedroom, one bathroom 850sf floor plan with CERAMIC TILE FLOORING throughout (no carpet means lighter turnover expenses); with the kitchen open to living and dining spaces all in neutral tones for perpetually easy personalization. The kitchen features granite countertops, elegant maple cabinetry with crown molding, and a stainless steel appliance packages. Two bright and airy bedrooms feature ceiling fans and closets with custom built-ins. The bathroom showcases an abundance of cabinet storage and a tub/shower combo. The generous LAUNDRY ROOM LAUNDRY ROOM LAUNDRY ROOM is an organizer's dream, offering ample storage and convenience with a stackable washer and dryer leading out to a private side yard. Each unit enjoys its own attached carport, while the fenced yard invites relaxation with its gazebo and paver patio set amidst low maintenance native landscaping. Durable CONCRETE BLOCK construction ensures longevity and lower reserve funding for long term exterior maintenance. Located blocks from PUBLIX, public transport and the downtown College Park community festivals and shared space. This address provides easy access to all Central Florida EMPLOYERS via I-4/408 and very close by is AdventHealth, the Orlando Science Center, the Orlando Museum of Art, picturesque Lake Ivanhoe, Lake Adair, and Dubsdread Golf Course with the Taproom along with endless dining and entertainment options. Dive into the immersive 3D tour and schedule a showing to seize this one-of-a-kind investment. Perfect for the first time investor. Perfect.
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Our Executive Mortgage Banker:
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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 | $468,000 | $468,000 | $468,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.050% | 6.152% |
Monthly Tax Payment | $373 | $373 | $373 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,920 | $3,074 | $3,918 |
Total Monthly Payment | $3,385 | $3,539 | $4,383 |
* 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.