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Location, Location, Location, Income, Income. . . . Income! This is a fully furnished rental property with two, separate rental units. Welcome to this completely renovated multiunit income property that is just one block from East Lake Tohopekaliga, eight tenths of a mile from the boat launch and just 20-30 minutes from the theme parks. With three bedrooms and two baths in the main house, and a one bedroom, one bathroom apartment with it's own separate entrance, you have plenty of rental income potential or a place for additional others to live. The main residence boasts 3 bedrooms and two bathrooms, providing ample space and convenience for your everyday needs. With a finished area of 1, 541 square feet, there is plenty of room for you to enjoy and make your own. The lot size is an impressive 10, 019 square feet, offering a spacious backyard for outdoor activities and entertainment. Your guests will love the pool and patio area providing relaxation and relief from the hot, Florida sun. As you step inside, you will be greeted by a completely renovated living space that is perfect for relaxing or hosting gatherings. The kitchen is equipped with modern appliances and plenty of storage space, making meal preparation a breeze. Each of the 3 bedrooms offers a comfortable retreat for rest and relaxation after a long day. The property is situated in a convenient location, with easy access to shopping, dining, schools, and other amenities. Enjoy the tranquility of suburban living while still being close to everything the city has to offer. In addition to the interior features, the exterior of the home is equally impressive. The large backyard provides endless possibilities for outdoor enjoyment, whether you want to relax on the patio, swim in the pool or play in the yard. The mature landscaping adds to the curb appeal of the property, creating a welcoming and picturesque setting. Overall, this property at 106 California Ave in St. Cloud, FL is a wonderful opportunity to own a cozy and well-maintained multi-unit home in a desirable location, with rental income potential. Currently renting successfully on AirBNB and the owner is willing to rent back the one-bedroom apartment for $1600 a month and or continue to help manage the rentals (meet tenants, handle issues, clean the rooms between tenants etc.
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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 | $420,000 | $420,000 | $420,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.867% | 7.159% | 6.538% |
Monthly Tax Payment | $208 | $208 | $208 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,830 | $2,791 | $3,601 |
Total Monthly Payment | $3,130 | $3,091 | $3,901 |
* 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.