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4275 Mecca Hammock TRAIL, Sanford, FL, 32773 | $875,000
Appraised at $930, 000 July 2024.
Discover a remarkable opportunity to own a multifamily income-producing property on a sprawling 5-acre estate in Sanford, Florida. This unique property includes three separate units with a total of 10 bedrooms and 5 bathrooms. Additionally, a charming tiny house serves as the third unit, adding to the income potential. Whether you're an investor or an owner-occupant, this property offers both space and income potential.
Income: Enjoy a substantial monthly income of $7, 000, with two units rented currently at $2, 500 each and a successful Airbnb operation generating approximately $2, 000 a month.
Prime Location: Situated on a private, dead-end road in Sanford, Florida, this property offers the perfect blend of privacy and convenience.
Three Homes: The original log cabin home built in 1983, exudes character and charm, while the second home constructed in 2007, offers modern comfort. Updated Tiny Home features 3 sleeping areas, full kitchen and full bath.
Energy Efficiency: All homes were thoughtfully designed with energy-efficient features, including windows, central air conditioning, and gas/propane ranges. Separate septic tanks that have been cleaned and inspected in 2023.
Acreage and Amenities: The property includes a vast 5-acre lot with a substantial 50 x 65 barn, offering endless possibilities for use and storage.
Location: This serene retreat is conveniently located just half a mile from Lake Jessup, with easy access to the 417 Greenway. It's a short drive to excellent shopping and dining options in Lake Mary, Florida, and only 35 minutes from Orlando International Airport.
Unique Opportunity: Notably, this is the only multifamily income property on 5 acres in Seminole County priced under $1 million, making it an exclusive opportunity for savvy investors and owner-occupants alike.
Don't miss this rare chance to own a multifamily income property that combines spacious living on 5 acres with impressive monthly income potential. Contact us today to schedule a showing and explore this exceptional opportunity in Sanford, Florida.
Features
- Rooms: 3
- Bedrooms: 10
- Baths: 5 full
- Laundry: Electric Dryer Hookup, Laundry Room, Washer Hookup
- Year Built: 2007
- Heating: Central
- Cooling: Central Air
- Approx Sq. Feet: 4,000
- Acreage: 5.11
- Est. Taxes: $2,409
- Appliances: Dryer, Range, Refrigerator, Washer
- MLS#: O6250528
- Days on Market: 4 days
- Website: https://www.raveis.com
/prop/O6250528/4275meccahammocktrail_sanford_fl?source=qrflyer
Listing courtesy of SAND DOLLAR REALTY GROUP INC Phone: 407-389-7318
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
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- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
4275 Mecca Hammock TRAIL, Sanford, FL, 32773
$875,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $700,000 | $700,000 | $700,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.625% | 6.750% | 6.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.343% | 6.851% | 6.704% |
| Monthly Tax Payment | $201 | $201 | $201 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,482 | $4,540 | $6,098 |
| Total Monthly Payment | $4,775 | $4,833 | $6,391 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388