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809 N John Young PARKWAY, Kissimmee, FL, 34741 | $499,000
This prime commercial property for sale on John Young Parkway appears to be an interesting investment opportunity. Here are some key details to consider:
Location: Being situated on John Young Parkway, a major thoroughfare, can make this property highly visible and accessible, which is often crucial for commercial real estate.
Multiple Lots: The property consists of two lots next to each other, potentially providing flexibility for development or expansion. This can be advantageous for commercial projects that require more space.
Rental Income: One of the lots includes a small house that is currently rented for $650 per month. This rental income can provide an immediate return on investment for the buyer.
Land Size: The total land size is approximately 0. 22 acres. This can be a significant asset, especially in a commercial context where land size and configuration can impact the potential uses of the property.
Cash Buyers Only: The listing specifies that cash buyers are preferred, which suggests that the seller may be looking for a quick and straightforward transaction without the complexities associated with mortgage financing.
As-Is Sale: The seller is selling the property in as-is condition. This means that any necessary repairs or improvements will be the responsibility of the buyer. It's essential for potential buyers to conduct a thorough inspection to assess the property's condition before making an offer.
Given the commercial nature of this property, potential buyers may have various options for its use, such as retail, office space, or redevelopment for a different commercial purpose. However, it's essential to conduct due diligence, including researching local zoning regulations and land use restrictions, to ensure the property aligns with your intended commercial venture.
If you're interested in this property, it's advisable to contact the seller or a commercial real estate agent for more information, to schedule a viewing, and to discuss the specific details and potential of this investment.
Features
- Rooms: 4
- Bedrooms: 2
- Baths: 1 full
- Style: Ranch
- Year Built: 1944
- Heating: Electric
- Cooling: Wall/Window Unit(s)
- Approx Sq. Feet: 610
- Acreage: 0.22
- Est. Taxes: $1,666
- Lot Desc: City Lot, Sidewalk
- Appliances: None
- MLS#: S5079783
- Days on Market: 489 days
- Website: https://www.raveis.com
/prop/S5079783/809njohnyoungparkway_kissimmee_fl?source=qrflyer
Listing courtesy of CENTURY 21 ALL HOMES & PROPERT Phone: 407-343-1300
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
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809 N John Young PARKWAY, Kissimmee, FL, 34741
$499,000
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
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $399,200 | $399,200 | $399,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
| Monthly Tax Payment | $139 | $139 | $139 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,656 | $2,653 | $3,367 |
| Total Monthly Payment | $2,870 | $2,867 | $3,581 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388