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Here is an opportunity to own a downtown Ocala Duplex with multiple options. Live in one and rent the other as an apartment or to a business as the property has the flexible FBC Zoning (See attachment) or rent both units out for income. The property offers 2 apartments (one on each floor) each with 2 bedrooms and 2 full Bathrooms. The location is walking distance to the active Downtown Square and beautiful Tuscawilla park which offers tennis/pickleball and basketball courts in addition to its waterfront shaded walkways. The new Downtown station is 1 block away and bus access is less than a block away. Off street parking for 4 cars+. NO HOA. NO SEPTIC! Recent renovations to this historic home are a brand-new 50 Yr. ROOF (2025), 2 water heaters, updated electric and PVC plumbing pipes. City Water & City Sewer. Property qualifies for Annual improvement grants per fiscal year with re-imbursement plan for up to 60% of approved upgrades per year! Location, condition flexible use and aggressive pricing for this desired area make this a must see!
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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 | $300,000 | $300,000 | $300,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.025% | 6.132% |
Monthly Tax Payment | $380 | $380 | $380 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,896 | $1,971 | $2,511 |
Total Monthly Payment | $2,351 | $2,426 | $2,966 |
* 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.