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2707 Michigan AVENUE, Kissimmee, FL, 34744 | $265,000
Under contract-accepting backup offers. Welcome to this versatile property, offering a unique blend of potential. As you approach, you'll be greeted by its charming exterior and inviting ambiance, setting the stage for what lies within.
Originally designed as a 3-bedroom, 2-bathroom home, this property has been intelligently reimagined into a duplex, featuring a 2-bedroom, 1-bathroom unit alongside a 1-bedroom, 1-bathroom unit. This innovative layout provides adaptability and versatility, catering to a variety of living arrangements or investment strategies.
Upon entry, you'll step into the 2-bedroom unit, awaiting a comprehensive renovation to unleash its full potential. Though currently in need of TLC, this unit offers an exciting opportunity for customization and modernization. With two bedrooms, a shared bathroom, and generous living space, there's ample room to create a comfortable and welcoming environment for future occupants.
On the other side of the duplex, you'll find the fully renovated 1-bedroom unit, showcasing contemporary finishes and stylish design elements throughout. From the sleek kitchen to the spacious bedroom and updated bathroom, every detail has been meticulously curated to deliver a modern living experience. This unit is move-in ready, providing immediate occupancy or rental income potential for investors seeking cash flow.
With separate entrances for each unit, privacy and autonomy are assured for occupants, while shared amenities such as the backyard or parking area enhance the property's functionality and convenience.
This property presents a compelling opportunity for investors looking to capitalize on the increasing demand for rental housing. With one unit already renovated and the other awaiting transformation, there's potential to enhance rental income and optimize return on investment. Whether you're an experienced investor or a first-time buyer entering the market, this property offers boundless potential for growth and financial prosperity.
Features
- Rooms: 4
- Bedrooms: 3
- Baths: 2 full
- Laundry: None
- Year Built: 1925
- Garage: 2-car
- Heating: None
- Cooling: Mini-Split Unit(s), Wall/Window Unit(s)
- Approx Sq. Feet: 1,690
- Acreage: 0.63
- Est. Taxes: $1,129
- Appliances: Refrigerator
- MLS#: S5104173
- Days on Market: 5 days
- Website: https://www.raveis.com
/prop/S5104173/2707michiganavenue_kissimmee_fl?source=qrflyer
Listing courtesy of LA ROSA REALTY KISSIMMEE Phone: 407-930-3530
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
2707 Michigan AVENUE, Kissimmee, FL, 34744
$265,000
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 |
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|---|---|---|---|
| Loan Amount | $212,000 | $212,000 | $212,000 |
| 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 | $94 | $94 | $94 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,323 | $1,288 | $1,675 |
| Total Monthly Payment | $1,492 | $1,457 | $1,844 |
* 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