Under contract-accepting backup offers. Multifamily Zoning: Perfect for constructing a duplex, this lot offers exceptional investment potential. Ideal for generating rental income or accommodating multiple families.
Gentle Topography: The lot is level with the street, simplifying the construction process and reducing overall costs.
Water Connection: Convenient access to water connections, ensuring an easy setup for your building project.
Well-Developed Area: Located in a thriving neighborhood with established infrastructure and amenities.
Investment Advantages:
Dual-Unit Opportunity: Building a duplex allows for multiple rental streams or the option to live in one unit while renting out the other, maximizing your return on investment.
High Demand: Multifamily properties often have strong rental demand, providing stable and potentially higher rental income compared to single-family homes.
Future Appreciation: Investing in multifamily properties in a growing area like Citrus Springs can lead to significant long-term appreciation and increased property value.
Community Amenities:
No HOA Fees: Enjoy the freedom to design and manage your property without restrictive rules or additional costs.
Recreational Facilities: Nearby tennis courts, playgrounds, and a golf course support an active lifestyle.
Accessibility and Location:
Major Highways: Quick access via US-41 and FL-40, making it easy to reach surrounding areas.
Urban Centers: Close proximity to Tampa, Orlando, beaches, and natural parks for a variety of entertainment and leisure options.
Distances to Tourist Attractions:
Gulf of Mexico Beaches: Just an hour’s drive to stunning beaches, perfect for weekend getaways.
Rainbow Springs State Park: Only 20 minutes away, offering beautiful natural springs and outdoor adventures.
Seize this unique opportunity to own a prime piece of multifamily real estate in Citrus Springs! Benefit from the flexibility of a duplex investment, enjoying both immediate rental income and long-term property appreciation.
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Our Executive Mortgage Banker:
Our Insurance Division:
$69,900
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 | $55,920 | $55,920 | $55,920 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $340 | $340 | $442 |
Total Monthly Payment | $415 | $415 | $517 |
* 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.