5407 Oates AVENUE, Port Orange, FL, 32127 | $140,000

We have an incredible mobile home opportunity. This IS CASH ONLY SALE. 1967 mobile homes' with the land will not qualify for traditional financing. Seller will not hold a NOTE on the property either. This property is not in a flood zone and it did not flood for hurricane Ian, Nicole or Milton! Many areas of this neighborhood cannot say the same. A 10-minute video showing how it fared during hurricane Milton is available upon request. Please contact the listing company to get the video. If you see something priced nicely, you might consider why. YES YOU OWN THE LAND. NO ITS NOT IN A PARK. NO HOA COSTS. SHORT TERM RENT THIS ALL DAY. PORT ORANGE HAS NO RESTRICTIONS ON SHORT TERM RENTAL.
This property stands out from the rest. This home brings in $1, 600-$3, 000. 00 (sometimes more) a month gross on short term rental sites. Electrical fully replaced with METAL CONDUIT and includes a generator hook up plug outside, plumbing fully replaced, 100% of the interior walls are new 2x4(not structural), AC is a 2020 Tempstar and blows ICE COLD and can STAY cold since the insulation is brand new (ceiling, walls and underneath), Whole home is smart home enabled (interior lights, high end electric door lock, top of the line ECOBEE thermostat with additional room sensor), luxury vinyl plank throughout whole home, all walls and ceiling are 1/2' drywall. Orange peel texture on the walls, knockdown on the ceiling, Stainless appliances, floating magnolia live edge shelves in the kitchen, large stainless kitchen sink with touchless on off ability, whole exterior of the home is on video surveillance (also selling with the home), Roof age is uncertain and was installed before current owner but seems to be in extremely good condition and acts like its 3 years old. A recent four point showed 2 years old when inspected. All windows and doors have been replaced with double-pane energy efficient vinyl PVC products.
Both toilets are new, both vanities are new, all water fixtures inside are new. Showers are porcelain with marble design. Both showers used top of the line Schlueter-style Waterproofing systems for the shower pan and walls. Whole home and yard has been receiving bug and pest treatment since seller bought the home in 2020. Property is fully fenced in. There is a covered carport with a 10' wide double gate and plenty of additional parking ability. The left side of the home also has a 10' wide double gate and can fit any camper or toy hauler in the actual backyard. 10' privacy hedges on the south side and soon to be on the north side.
This property is soon to be extremely private and the best part is there is still meat on the bones for someone else to come in and continue to improve the property. There is an additional 300sqft of the home not being utilized! Finish it out and increase the amount of rental income coming in. The AC was installed to account for this extra size.

Features

  • Rooms: 4
  • Bedrooms: 1
  • Baths: 2 full
  • Laundry: Inside
  • Year Built: 1967
  • Heating: Central, Heat Pump
  • Cooling: Central Air, Other
  • Approx Sq. Feet: 624
  • Acreage: 0.11
  • Est. Taxes: $1,273
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • MLS#: FC304522
  • Days on Market: 2 days
  • Website: https://www.raveis.com
    /prop/FC304522/5407oatesavenue_portorange_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 10/17/2024 11:54:27 PM)
Listing courtesy of EXP REALTY LLC (ORMOND)   Phone: 888-883-8509

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NMLS Mortgage Loan Originator ID 16953

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5407 Oates AVENUE, Port Orange, FL, 32127

$140,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $112,000 $112,000 $112,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.490% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.681% 6.678% 6.034%
Monthly Tax Payment $106 $106 $106
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $764 $707 $930
Total Monthly Payment $945 $888 $1,111

* 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.