Under contract-accepting backup offers. Welcome to this fantastic investment opportunity at 1713 and 1715 Lakewood Avenue in the vibrant city of Eustis, FL. featuring two units in a duplex configuration, this property presents a lucrative income-generating option for savvy investors, or live in one and let the other pay your mortgage! Situated just a stone's throw away from the bustling city center, these units boast a total of 4 bedrooms and 2 bathrooms, spread across a spacious 2004 square feet. This property offers ample parking space for up to 4 vehicles, ensuring convenience for residents and visitors alike. Both units are currently leased until spring, providing immediate income for the new owner. Whether you're looking to expand your investment portfolio or explore the potential of rental properties, this duplex is a promising prospect in a sought-after location. The interior of each unit is thoughtfully designed to maximize space and functionality. The open-plan layout seamlessly integrates the living, dining, and kitchen areas, creating a welcoming atmosphere for residents. The well-appointed kitchen is equipped with modern appliances and plenty of storage, making meal preparation a breeze. The bedrooms are generously sized and offer a comfortable retreat for occupants. The bathrooms are designed for both style and convenience, featuring contemporary fixtures and ample natural light. Outside, the property features a charming outdoor area that can be customized to suit various needs. Whether you envision a tranquil garden oasis or a cozy patio for outdoor gatherings, the possibilities are endless in this versatile space. In addition to its prime location and investment potential, this property offers a unique opportunity to be part of Eustis' thriving community. With easy access to local amenities, schools, and recreational facilities, residents will enjoy a convenient lifestyle in this vibrant neighborhood. Don't miss out on this rare chance to own a well-maintained duplex in a sought-after location. Whether you're a seasoned investor or a first-time buyer, this property is a promising venture that combines comfort, convenience, and potential for long-term growth. Schedule a viewing today and discover the endless possibilities that await at 1713 and 1715 Lakewood Avenue!
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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 | $296,000 | $296,000 | $296,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $383 | $383 | $383 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,019 | $1,967 | $2,496 |
Total Monthly Payment | $2,477 | $2,425 | $2,954 |
* 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.