10568 W Oliver STREET, Homosassa, FL, 34448 | $229,000

Incredible Investment Opportunity: Vacation Home + Buildable Lot in Old Homosassa! This is a rare chance to own not just one, but two addressed properties in the heart of Old Homosassa! Included in this offering is a fully renovated 2-bedroom, 1-bathroom vacation home, plus a buildable lot (10556 W Oliver St) —perfect for an additional dwelling or RV/Motorhome. The lot features an existing septic system, offering a hassle-free setup for your next project. This charming home is ready for guests, making it an ideal short-term rental with great potential for consistent cash flow. Located on a private dead-end street, the property provides a peaceful retreat for vacationers. The home features a beautifully remodeled bathroom, offering a fresh, modern look that will appeal to guests seeking comfort and style. The luxury vinyl plank flooring throughout adds a touch of elegance while being both durable and easy to maintain. Updated LED lighting and ceiling fans have been thoughtfully installed, enhancing energy efficiency and providing a bright, welcoming ambiance. Built to last, this home boasts durable HARDIE siding, fresh paint, and a standing seam metal roof, ensuring low maintenance and long-term savings. Situated near local attractions, nature parks, and waterways, it’s a magnet for visitors looking for a memorable stay in Old Homosassa. The demand for short-term rentals in this area is strong, and with nightly rates for similar homes on the rise, this property promises returns that exceed the local median income. Whether you’re looking to cash flow your vacation home, build on the adjacent lot, or both, this investment offers enormous upside with minimal upfront costs. Don’t miss out on this prime investment opportunity to capitalize on the booming vacation rental market. Secure your piece of Old Homosassa today!

Features

  • Rooms: 4
  • Bedrooms: 2
  • Baths: 1 full
  • Laundry: Electric Dryer Hookup, Washer Hookup
  • Year Built: 1940
  • Heating: Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 702
  • Acreage: 0.43
  • Est. Taxes: $1,359
  • Lot Desc: In County, Level, Near Marina, Street Dead-End, Unincorporated
  • Appliances: Electric Water Heater, Range, Refrigerator, Tankless Water Heater
  • MLS#: U8252745
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/U8252745/10568woliverstreet_homosassa_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 9/19/2024 12:17:12 PM)
Listing courtesy of PALM LIFE REALTY   Phone: 888-877-4040

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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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10568 W Oliver STREET, Homosassa, FL, 34448

$229,000

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 $183,200 $183,200 $183,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 5.990% 4.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.470% 6.161% 5.248%
Monthly Tax Payment $113 $113 $113
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,113 $1,097 $1,448
Total Monthly Payment $1,301 $1,285 $1,636

* 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.