Seven (7) acres zoned commercial general with frontage on Highway 441 South in Lake City. Property is wooded with several buildings, some currently rented. Building 1 has six studio apartments and Building 2 has three 1-Bedroom or larger studio apartments. Building 3, a duplex, could be renovated. There is also a mobile home, currently rented, and a billboard or leased signage that brings extra income. All units are well/septic.
Recent improvements include new roofs to Buildings 1 and 2, repaved parking lot, 9 units rehabbed, and exterior paint.
There is plenty of room to add more buildings or, if desired, turn property into a mobile home/RV park, RV/boat storage, commercial shopping center, etc.
Property is being sold As Is.
3575 US-441, Lake City, FL, 32025
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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