This property did not flood from Hurricane Ian, HIGH AND DRY! Don’t miss your opportunity to own this 1. 12 Acre Commercial Property Zoned Neighborhood Commercial in the heart of Longwood Florida with 309 foot of frontage on Ronald Reagan Blvd. Allowed possible uses include Medical, Dental, General Offices, Restaurant, Professional, Personal Services, Live Work Units, Townhomes or a Daycare. Currently there are two single-family homes on the property with a fully fenced yard. House #1 is a two bedroom two bath and the other is a three bedroom one bath. The two bedroom two bath faces 2nd Street and has updated dual pane windows, Stainless Steel appliances and a beautiful Florida room. This home also has an irrigation system for the front & back yard. This could make a great office space. The three bedroom one bath faces Ronald Reagan Blvd and could easily be rented or repurposed into a storage facility or workshop. This home is connected to city utilities. There is a shallow well for irrigating the property. There’s also a 9 x 15 block storage shed. Verify with Longwood Planning for future uses.
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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 | $560,000 | $560,000 | $560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.512% | 6.273% | 5.248% |
Monthly Tax Payment | $438 | $438 | $438 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,494 | $3,403 | $4,426 |
Total Monthly Payment | $4,024 | $3,933 | $4,956 |
* 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.