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Under contract-accepting backup offers. Welcome to this beautiful two-house property located in the sought after neighborhood of College Park in Orlando, Florida. This property is
perfect for a homeowner who wants to live in one home while leasing out the other or an investor who wants to take advantage of the
appreciation created from the multiple $1. 4m-and-up new infill home construction in the immediate area. Both houses are leased near market
rates with great long-term tenants. The front tenant has been there for three years with a month-to-month lease while the back tenant has been there for almost four years with a lease that continues until May 2025. The front house has a living area of 974 SF with an open floor plan, two bedrooms and one bathroom, high ceilings, washer and dryer hookups, a front porch, and a fenced-in backyard. New carpet was installed in 2021, exterior was painted in 2019, and new central air and insulation were installed in 2016. The back house, built in 2012, has a living area of 680 SF with two master suites, washer and dryer hookups, and a front porch. Each master has a full bathroom and walk-in closet with tile floors throughout. College Park residents enjoy a vibrant community with many local shops, restaurants, parks, and entertainment including Dubsdread Golf Course. A-rated Princeton Elementary School, Matthews Park, College Park Neighborhood Center, and the Emeril Lagasse Kitchen House are just blocks away. AdventHealth’s main hospital campus is just down the road with many highlights nearby including a SunRail station, Orlando Ballet Company & School, Orlando Science Center, and the Mennello Museum of American Art. The property is minutes from downtown Orlando, less than 30 minutes to the attractions, and under an hour to the beach. Property has off-street parking and a termite bond that is transferable.
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.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$495,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $396,000 | $396,000 | $396,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.125% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.867% | 7.282% | 6.623% |
Monthly Tax Payment | $544 | $544 | $544 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,668 | $2,668 | $3,422 |
Total Monthly Payment | $3,287 | $3,287 | $4,041 |
* 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.