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1515 6th STREET NW, Winter Haven, FL, 33881 | $775,000
Investment Property Listing: Versatile Multi-Unit Lakeside Investment
This lakeside investment property features a diverse mix of units, making it an excellent opportunity for generating rental income. Here’s what the property includes:
Efficiency Units:
-4 Efficiency Units: Each efficiency unit offers a single room with a private bath, equipped with a small kitchen sink, refrigerator, and microwave.
-Lake Views: Two of these units provide beautiful lake views. These bathrooms, which are not remodeled, feature a tub and shower combination with a linen closet. Each efficiency is approximately 275 square feet.
Studio Unit:
-Spacious Studio: The studio unit includes a combined living room and bedroom area, a bathroom with a shower, and a dining kitchen combo with a large pantry area that houses the AC compressor. This unit offers approximately 500 square feet of living space.
Downstairs Unit:
-Expansive Living Space: The downstairs unit spans approximately 1, 500 square feet and includes two bedrooms, one bathroom with a shower, and a kitchen outfitted with an electric stove and refrigerator.
-Living & Entertainment: The large living room features built-in cabinets, and there is an additional game room area, serving as an extension to the living space.
-Private Outdoor Space: The unit is cooled by three window AC units and includes a private deck overlooking the lake, providing a perfect spot to relax and enjoy the serene views.
This property’s blend of efficiency units, a studio, and a spacious downstairs unit offers a variety of living arrangements, catering to different tenant needs while maximizing rental potential. The lakeside setting adds to the property's appeal, making it an attractive investment option.
Investment Property Listing: Versatile Multi-Unit Lakeside Investment
This lakeside investment property features a diverse mix of units, making it an excellent opportunity for generating rental income. Here’s what the property includes:
Efficiency Units:
-4 Efficiency Units: Each efficiency unit offers a single room with a private bath, equipped with a small kitchen sink, refrigerator, and microwave.
-Lake Views: Two of these units provide beautiful lake views. These bathrooms feature a tub and shower combination with a linen closet. Each efficiency is approximately 275 square feet.
Studio Unit:
-Spacious Studio: The studio unit includes a combined living room and bedroom area, a bathroom with a shower, and a dining kitchen combo with a large pantry area that houses the AC compressor. This unit offers approximately 500 square feet of living space.
Downstairs Unit:
-Expansive Living Space: The downstairs unit spans approximately 1, 500 square feet and includes two bedrooms, one bathroom with a shower, and a kitchen outfitted with an electric stove and refrigerator.
-Living & Entertainment: The large living room features built-in cabinets, and there is an additional game room area, serving as an extension to the living space.
-Private Outdoor Space: The unit is cooled by three window AC units and includes a private deck overlooking the lake, providing a perfect spot to relax and enjoy the serene views.
This property’s blend of efficiency units, a studio, and a spacious downstairs unit offers a variety of living arrangements, catering to different tenant needs while maximizing rental potential. The lakeside setting adds to the property's appeal, making it an attractive investment option.
Features
- Property Type: Hotel/Motel
- Construction: Block
- Cooling: Central Air, Wall/Window Unit(s)
- Year Built: 1954
- Acreage: 0.12
- Est. Taxes: $1,824
- MLS#: P4931767
- Days on Market: 55 days
- Website: https://www.raveis.com
/prop/P4931767/15156thstreetnw_winterhaven_fl?source=qrflyer
Listing courtesy of CENTURY 21 MYERS REALTY Phone: 863-875-5656
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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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
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1515 6th STREET NW, Winter Haven, FL, 33881
$775,000
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 | $620,000 | $620,000 | $620,000 |
| 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 | 7.477% | 7.159% | 6.296% |
| Monthly Tax Payment | $152 | $152 | $152 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,125 | $4,121 | $5,229 |
| Total Monthly Payment | $4,369 | $4,365 | $5,473 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388