INCOME PROPERTY for Sale in AUBURNDALE, FLORIDA. Located in the charming city of Auburndale, Florida, this prime investment opportunity offers a well-established mobile home community featuring 9 fully occupied units and 2 buildable lots across 2. 7 acres of land. One buildable lot is ideal for an additional mobile home, while the second lot provides the flexibility to develop either another mobile home or a single-family residence, giving you multiple avenues to increase your income stream. Spacious and well-maintained. Established community in a quiet, desirable location. This property is situated off Old Dixie Highway, just minutes from US Highway 92, offering easy access to Interstate 4 for a smooth commute to nearby cities like Lakeland, Winter Haven, and Orlando. The property is close to key local landmarks such as: Downtown Auburndale, with its charming shops and dining spots. Lake Myrtle Sports Complex, a hub for sports enthusiasts. Auburndale TECO Trail, perfect for outdoor activities. Walmart Supercenter, Publix, and other major retailers for everyday conveniences. Auburndale is known for its affordable property taxes, making it an attractive location for investors seeking solid returns. The property has a proven history of rental income from the 9 existing units, and the two additional lots which can add even more potential for growth. With its strategic location in a growing area of Polk County, this income property is well-positioned for long-term appreciation. Whether you're looking to expand your investment portfolio or enter the rental property market, this mobile home community presents a rare opportunity with low maintenance, low operating costs, and steady demand.
Don’t miss this chance to own a multi-unit income property with development potential in beautiful Auburndale, FL.
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,040,000 | $1,040,000 | $1,040,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | $195 | $195 | $195 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,659 | $6,745 | $9,131 |
Total Monthly Payment | $6,979 | $7,065 | $9,451 |
* 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.