Under contract-accepting backup offers. Discover an exceptional investment opportunity with this duplex located in the sought-after Cimarron South Subdivision of South Lakeland. Unit 5009 provides three bedrooms and two bathrooms, while Unit 5011 offers two bedrooms and two bathrooms. Both units boast recent upgrades, making them a turnkey investment for savvy buyers. The recent renovations will impress prospective tenants and ensure a profitable return on investment. In 2021, a new roof was installed, providing long-lasting protection and mitigating any potential future expenses. The introduction of tile flooring throughout both units adds an elegant and low-maintenance touch. The new HVAC systems installed in 2021 will not only provide comfort to tenants but also contribute to energy efficiency. Furthermore, both units have been freshly painted inside and out in 2021, creating a refreshing atmosphere that prospective tenants will appreciate. Additionally, new blinds have been installed to enhance privacy and aesthetics. Unit 5009 benefits from another significant upgrade: new double-paned windows installed throughout by the reputable company Window World. This feature adds value and insulation, ultimately reducing energy costs for both tenants and the landlord. Both units are currently tenant-occupied, providing an immediate income to the new owner and eliminating the need for advertising and tenant screening. The stability of current leases ensures consistent cash flow without the typical initial challenges of finding reliable renters. Located in a close proximity to various shopping centers, eateries, and other amenities. Tenant occupancy provides immediate income, while the convenient location adds to the property's appeal. Don't miss out on the chance to add this exceptional investment property to your portfolio in the vibrant South Lakeland area.
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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 | $392,000 | $392,000 | $392,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $227 | $227 | $227 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,382 | $2,382 | $3,098 |
Total Monthly Payment | $2,684 | $2,684 | $3,400 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.