INVESTOR SPECIAL!!! This property has a brand new roof back in 2021. Property had a fire so will need electrical and will need a new roof. Ready for development. Great potential for passive income opportunity! Previously this property was rented out as individual units. Each room was fully booked for the last 2 years for $1,000 month each. Buyer must do their own zoning research but this is was originally zoned as C-3 (Commercial) and later transitioned to residential single family. Take advantage of this income producing asset!
*rooms are noted for MLS purposes only.* This is an efficiency, 3 studios and one bedroom unit.
202 Jefferson DRIVE, Haines City, FL, 33844
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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