Income Opportunity!! Offering is 2 buildings w/3 units all on US Hwy 441 Corner in Leesburg - Total square footage of both bldgs is 5, 850 sf with a shared parking lot - Bldg 1014 is divided into 2 units & is 2, 376+/- SF both sides have tenants. Bldg 1020 is one unit of 3, 474+/- SF & former tenants have been a law office and medical offices. Properties have excellent visibility & signage with 240'+/- ft of US Hwy 441 frontage at the corner of Mills St with additional access on E Line St. FDOT 31, 000 Avg trips per day, Zoned C-3 City of Leesburg with all city utilities. Property is attractive & well maintained. Ideal for an owner user to occupy the larger building and collect rent off the 2 units in the 2nd building. Location is a short drive to UF Health Leesburg or the Villages or Advent Health Waterman and jus about an hour to Orlando or Ocala. Great Central Florida location with many uses. Seller will consider selling buildings separate. All information is believed accurate but not guaranteed or warranted and subject to change without notice. DO NOT DISTURB TENANTS
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William Raveis Real Estate
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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 | $719,200 | $719,200 | $719,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.343% | 6.864% | 6.725% |
Monthly Tax Payment | $518 | $518 | $518 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,605 | $4,665 | $6,265 |
Total Monthly Payment | $5,215 | $5,275 | $6,875 |
* 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.