This is a two-unit rental property with a hotel-style patio/pool/lounge area in the back. Welcome to this completely
renovated multiunit income property that is just one block from East Lake Tohopekaliga,
eight tenths of a mile from the boat launch and just 20-30 minutes from the theme parks. It
is currently generating consistent income on month-to-month leases and short-term rentals.
You can continue to rent both sides, live in one side and rent the other or ask everyone to
leave and simple enjoy this beautiful resort-style property. The main side of
the house consists of three bedrooms and two bathrooms that have been completely
remodeled from floor to ceiling. The converted garage side of the house is now a one
bedroom, one bathroom apartment with it's own separate entrance, a kitchenette/living
room, a separate bedroom and a full bathroom with private access to the back yard. The lot
size is an impressive 10, 019 square feet, and the back yard/pool/patio area has been
converted to a resort style entertainment space for all of your outdoor activities and
hospitality. Your family and your guests will love the pool, patio and three separate sitting
areas while they enjoy the Florida sun. As you step inside, you will immediately notice the
time and attention that went into designing and remodeling every surface of this home.
From new floors, new paint all the way to the new Palm Leaf ceiling fans the warm,
welcoming sensation of the open concept living room/dining room/kitchen can be felt by all.
The property is situated just one block from the lake and five minutes from Walmart, Publix
and most other major grocery stores, department stores and pharmacies. If you are looking
for an income generating rental property or a property with an In-Law Suite 106 California
Ave in St. Cloud, FL is the only one of its kind on the State Streets in St. Cloud. There is
nothing else like it!
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Our Executive Mortgage Banker:
Our Insurance Division:
$499,000
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 | $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 | $208 | $208 | $208 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,656 | $2,653 | $3,367 |
Total Monthly Payment | $2,939 | $2,936 | $3,650 |
* 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.