118 NE Tuscawilla AVENUE, Ocala, FL, 34470 | $387,500

Right in the heart of the Tuscawilla Historic District and within a hop, skip, and jump to Tuscawilla Park and Downtown Ocala, you'll find this charming historic building in the midst of the Midtown Revitalization area. With lots of brand-new businesses and restaurants coming into this revitalization area, this is the perfect chance to renovate this building and bring your vision to reality. The FBC (Form Based Code) zoning of this property allows for Residential, Commercial, or Multi-Family which opens the door to tons of housing/business opportunities. A step inside the front door and you'll find the charm of years past, including the original natural wood, accessorized with engineered wood and ceramic tile floors throughout. On each side of the entry, you'll find a large office/room and 2 separate restrooms each with multiple stalls & a sink. Just past that, the floor plan opens to a huge main room with cathedral ceilings and a large stage. A staircase brings you up to the upper-level balcony and 2 extra rooms. Off the rear of the building, there is a deck area with handicap accessible ramp. This is truly a magnificent opportunity to join in on the revitalization in the area and bring another new business/housing opportunity to the area.

Features

  • Rooms: 3
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: None
  • Year Built: 1914
  • Heating: Electric, Heat Pump
  • Cooling: Central Air
  • Approx Sq. Feet: 3,375
  • Acreage: 0.17
  • Est. Taxes: $4,773
  • Lot Desc: Historic District
  • Elem. School: Wyomina Park Elementary School
  • Middle School: Fort King Middle School
  • High School: Vanguard High School
  • Appliances: None
  • MLS#: OM682094
  • Days on Market: 90 days
  • Website: https://www.raveis.com
    /prop/OM682094/118netuscawillaavenue_ocala_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/5/2024 7:47:06 PM)
Listing courtesy of RE/MAX ALLSTARS REALTY   Phone: 352-484-0155

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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118 NE Tuscawilla AVENUE, Ocala, FL, 34470

$387,500

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $310,000 $310,000 $310,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.563% 7.159% 6.276%
Monthly Tax Payment $398 $398 $398
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,062 $2,060 $2,614
Total Monthly Payment $2,535 $2,533 $3,087

* 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.