NEW PRICE, reflecting the exceptional value and income-generating potential of this property. Don't miss this rare opportunity to own a VERSATILE COMMERCIAL PROPERTY with existing rental income and the opportunity for further expansion. Located in growing Lake Alfred, Florida! Property Highlights- EXCELLENT LOCATION Accessibility: Lake Alfred's strategic location offers easy access to major East/West and North/South routes via the I-4 and U. S. Hwy 27 corridors. You'll be perfectly positioned between Tampa, Orlando. Property is located on TWO PARCELS, BOAST OF THREE BUILDINGS that offer a diverse range of possibilities, currently BUILDING #1 This investment opportunity is secured with a five-year lease option to renew. Don't miss out on this, A going concern, business, and great potential, thanks to the new concept of Sal's Pizzeria AND LEASED, GENERATING $3000 per month, Step into this inviting indoor pizzeria, boasting 35 seats, and experience the finest culinary delights Lake Alfred has to offer. BUILDING#2 is tenant occupied on a month to month basis, providing steady rental income of $900 a month. BUILDING #3 is being used as personal use/storage. To learn more about this exciting opportunity, including financial details and to ensure confidentiality, please call us to request a Non-Disclosure Agreement (NDA). Take the first step towards a prosperous future by exploring this exceptional investment in Lake Alfred, Florida.
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$1,150,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $920,000 | $920,000 | $920,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.304% | 6.762% | 6.725% |
Monthly Tax Payment | $221 | $221 | $221 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,815 | $5,891 | $8,014 |
Total Monthly Payment | $6,161 | $6,237 | $8,360 |
* 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.