|
11301 Crossen STREET, Leesburg, FL, 34788 | $249,000
CASH FLOW! CASH FLOW! CASH FLOW! This unique property has tenants in place and making $3, 000 a month! Discover an exceptional investment opportunity with this unique property offering endless possibilities and instant income potential. Featuring two distinct units for the price of one, this property is perfect for investors seeking a versatile and lucrative addition to their portfolio. The first unit is a classic 1975 manufactured home boasting 1149 sq ft of comfortable living space, including 3 bedrooms, 2 bathrooms, and a convenient covered carport. The second unit, a wood-framed engineered addition, has been completely remodeled to provide modern, flexible living space. This unit currently features 1 bedroom and 1 bathroom but offers the potential to be converted into a 3-bedroom home, with additional rooms that can be utilized as bedrooms despite not having built-in closets. Spread across nearly 1400 sq ft, the open living space is enhanced by laminate wood flooring throughout, a kitchenette equipped with a brand-new refrigerator and stove top, a new hot water tank, and a ventless A/C unit. The remodeled bathroom includes a shower/tub combo and a washer/dryer hookup, adding to the unit's appeal. Improvements made since ownership include: new a/c unit in manufactured home, mini split a/c in back unit, privacy fence, gutters, french drain, electrical, hot water tank, plumbing, drywall/paint and more. But wait, there's more! This property is also on the water, offering canal frontage right in your backyard that leads to the Chain of Lakes leading to Lake Eustis, complete with a boat slip perfect for a kayak or john boat. No HOA fees here! The carport provides parking and there's additional parking on the property. Located just minutes from shopping, restaurants, and entertainment, this property is in a prime location. Generate rental income from both units! This property offers unmatched flexibility and immediate income opportunities. Don't miss out on this incredible investment property – schedule a showing today and explore the potential it holds!
Features
- Bedrooms: 6
- Units: 2
- Lot Size: 65 x 172
- Laundry: Laundry Room, Other, Washer Hookup
- Year Built: 1975
- Garage: Covered, Other
- Heating: Central
- Cooling: Central Air, Mini-Split Unit(s), Wall/Window Unit(s)
- Approx Sq. Feet: 2,499
- Acreage: 0.26
- Lot Size: 65 x 172
- Est. Taxes: $1,829
- Lot Desc: City Lot, In County, Landscaped, Street Dead-End
- View: Trees/Woods, Water
- Pet Policy: Yes
- Appliances: Range, Refrigerator
- Lease Terms: 12 Months
- MLS#: G5083016
- Days on Market: 113 days
- Website: https://www.raveis.com
/prop/G5083016/11301crossenstreet_leesburg_fl?source=qrflyer
Listing courtesy of MORRIS REALTY AND INVESTMENTS Phone: 352-435-4663
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
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- 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
11301 Crossen STREET, Leesburg, FL, 34788
$249,000
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 |
|
|---|---|---|---|
| Loan Amount | $199,200 | $199,200 | $199,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
| Monthly Tax Payment | $152 | $152 | $152 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,325 | $1,324 | $1,708 |
| Total Monthly Payment | $1,552 | $1,551 | $1,935 |
* 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