This lakefront concrete block property is a prime investment opportunity for an investor ready to take on a full gut renovation. The property has a code enforcement lien related to the roof, which will remain in place after closing. The new owner must be willing to rebuild the roof, including rafters, via a carpenter. Once the roof is completed and passes inspection, the building department will remove the lien, and you can petition for fines to be erased or reduced. The property is currently held in a land trust, and if preferred, the investor can keep the land trust in place and become the new beneficial owner, simplifying the transfer process.
3811 WILTS STREET, Orlando, FL, 32805
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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