WOW. . . come look at this centrally located duplex in the heart of Fort Myers. Each unit has two bedrooms and two baths. The duplex has a newer roof (2023) and hot water heaters. There is a $25, 000 decorating allowance being offered by the seller that can be handled as a credit toward closing costs and buying the interest rate down or as a discounted sales price, whichever works best for you. You will find duplexes in this area to rent easily. The leases have expired and are now on a month-to-month basis (uploaded as supplements). The duplex is about 11 minutes from the Fort Myers River District, about 17 minutes from the Edison Mall, about 5 minutes to I-75 at Palm Beach Blvd, about 25 minutes to Gulf Coast Town Center Mall, about 30 minutes to Hertx Arena and Miromar Outlet Mall, about 20 minutes to Southwest Florida International Airport, and about 35 minutes to Coconut Point Mall. The owner is providing you with a one-year home warranty on the major mechanical components that starts the day of closing. MLS# 224076363 is also available by the same owner at 629 Prospect Avenue with the same price and terms as well as the home warranty.
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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 | $280,000 | $280,000 | $280,000 |
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 | $195 | $195 | $195 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,863 | $1,861 | $2,401 |
Total Monthly Payment | $2,132 | $2,130 | $2,670 |
* 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.