419 OLD SCHOOL HOUSE ROAD E, Davenport, FL, 33837 | $450,000

3 rentable units are included with this sale! LIVE FOR FREE while you live in one unit and rent out the others or add this great income producing property to your portfolio. This property is a rare find in a super fast-growing area. The main home has 2 rental units and a mobile home with its own fenced in yard is also included in this sale. Units 415 and 415A are located in the main home and have separate entrances and electric meters. The units are joined by a lockable door in the middle of the home so you could use it all as one home if you prefer or keep it as 2 rental units as it is now. Unit 415 is very spacious and has 3 bedrooms and 1. 5 bathrooms with tons of storage and extra rooms that can be used as another bedroom, office, etc. There are 2 covered porches and entrances into unit 415. The unit offers a large kitchen with stainless steel appliances, tile countertops and has an eating space in the kitchen. There is a large pantry room, and a separate laundry room located off the kitchen. Right off the spacious living room you will find a half bathroom and a bonus room that is currently used as a workout area and office space. Upstairs in unit 415 there are 2 bedrooms, a full bathroom, and a set of stairs leading to a loft space that can be used as a 3rd bedroom, office, extra storage, play room, you name it. Unit 415A offers 1 bedroom and 1 bathroom with a private entrance and a ramp for easy accessibility. The unit has a large galley kitchen with lots of cabinet space and a nice size pantry as well as a nicely updated bathroom with solid surface countertop and tile shower with a tub. Outside of units 415 and 415A is a nice cabana currently used as a BBQ area with outdoor dining and a large garage/workshop with tons of storage space. The spacious yard is fenced and has a hedge around it for extra privacy. The 2 bedroom 1 bathroom mobile home also included in this sale has a separate fenced yard from units 415 and 415A. The mobile home has a carport on one side, a porch on the other side, and includes a nice storage shed. Great rental income to be made here or maybe use it as a family compound. The options are endless and you are so close to all the amenities the area has to offer.

Features

  • Units: 3
  • Lot Size: 132 x 284
  • Laundry: Inside, Laundry Room
  • Year Built: 1904
  • Garage: 1-car Driveway
  • Heating: Central, Electric, Heat Pump, Wall Units / Window Unit
  • Cooling: Central Air, Mini-Split Unit(s), Wall/Window Unit(s)
  • Approx Sq. Feet: 2,166
  • Acreage: 0.86
  • Lot Size: 132 x 284
  • Est. Taxes: $2,852
  • Lot Desc: Corner Lot, Oversized Lot
  • Pet Policy: Yes
  • MLS#: P4934155
  • Days on Market: 7 days
  • Website: https://www.raveis.com
    /prop/P4934155/419oldschoolhouseroade_davenport_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 4/18/2025 3:20:23 AM)
Listing courtesy of PELLA REALTY LLC   Phone: 863-991-1362

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419 OLD SCHOOL HOUSE ROAD E, Davenport, FL, 33837

$450,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $360,000 $360,000 $360,000
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% 7.037% 6.152%
Monthly Tax Payment $238 $238 $238
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,246 $2,365 $3,014
Total Monthly Payment $2,559 $2,678 $3,327

* 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.