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INCREDIBLE OPPORTUNITY to own a TURN-KEY, COMPLETELY RENOVATED DUPLEX in the heart of WINTER HAVEN, FLORIDA! This INCOME-PRODUCING PROPERTY features TWO 1-BEDROOM, 1-BATHROOM UNITS, each thoughtfully updated for MODERN COMFORT and LONG-TERM DURABILITY. Each unit includes its own PRIVATE DRIVEWAY, GRANITE COUNTERTOPS, STAINLESS STEEL APPLIANCES (2024), BRAND-NEW VINYL PLANK FLOORING, UPDATED FIXTURES, CEILING FANS, and NEW INTERIOR DOORS. The property was freshly painted in 2024 on the exterior and interior of the property as well as UPDATED LANDSCAPING! Property has NEVER BEEN OCCUPIED SINCE RENOVATION—truly MOVE-IN READY. Major updates include a NEW ROOF INSTALLED IN 2024 with a LIFETIME WORKMANSHIP WARRANTY THAT IS FULLY TRANSFERABLE TO THE BUYER, TWO SEPARATE ELECTRIC METERS, and TWO WATER METERS (TENNANTS PAY ALL UTILITIES). The seller has completed and is providing a PASSING 4-POINT INSPECTION, WIND MITIGATION REPORT (2024), and an INSURANCE QUOTE—ALL ATTACHED TO THE MLS for the potential buyer's review and peace of mind. This is a FANTASTIC OPTION FOR INVESTORS OR HOUSE HACKERS — the units are VACANT AND READY TO BE OCCUPIED OR RENTED IMMEDIATELY. If the buyer so chooses, the units CAN BE RENTED PRIOR TO CLOSING, creating INSTANT CASH FLOW. A REPUTABLE PROPERTY MANAGEMENT COMPANY IS ALSO AVAILABLE AT JUST 5% OF GROSS MONTHLY REVENUE, making this a TRULY HASSLE-FREE INVESTMENT. ESTIMATED RENT PER UNIT IS $1, 000 PER MONTH. A LANDSCAPING VENDOR IS ALREADY IN PLACE, adding even more value and ease of ownership. Centrally located near SHOPPING, PUBLIC TRANSPORTATION, LOCAL PARKS, and just minutes from the LAKE CONNIE BOAT RAMP, this property is perfectly positioned in the fast-growing CENTRAL FLORIDA MARKET. DON’T MISS YOUR CHANCE TO OWN THIS HIGHLY DESIRABLE, MOVE-IN READY, CASH-FLOWING DUPLEX!
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Our Executive Mortgage Banker:
Our Insurance Division:
$239,000
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 | $191,200 | $191,200 | $191,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.173% | 7.316% | 6.550% |
Monthly Tax Payment | $175 | $175 | $175 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,240 | $1,288 | $1,639 |
Total Monthly Payment | $1,490 | $1,538 | $1,889 |
* 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.