Highly in demand, charming and rare 2 unit duplex for sale near the “College Quarter” in Winter Park: each unit offers 2 bedrooms and 1 bath plus each side has its own laundry room with washer/dryer included. Surrounded by luxury townhomes, lakefront mansions, and located on a tree lined, brick street close to Winter Park's famed Park Ave, it’s just a short 5 to10 minute walk to the shore of beautiful Lake Virginia and Rollins College campus. White tile floors run throughout unit 1101 & terra cotta tile is in unit 1107, with plenty of light coming through the energy efficient double pane windows. Both units have access to their own private paver patio to enjoy the lovely evening weather in beautiful Winter Park. There’s plenty of off-street parking with 2 dedicated spots in front and 2+ additional dedicated parking spots in back for residents and guests as well. Great value in just the land for future development too with the availability to start fresh and build two very large townhouses for resale, each over 2, 000+ sq ft and each having a 1 car garage.
The back unit is currently rented for $1, 800 per month with lease through May 2025. The other unit is currently vacant and can easily be shown. Too many improvements to list here, please see features/updates attachments.
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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 | $599,200 | $599,200 | $599,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 5.990% | 4.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.398% | 6.161% | 5.152% |
Monthly Tax Payment | $611 | $611 | $611 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,641 | $3,589 | $4,700 |
Total Monthly Payment | $4,344 | $4,292 | $5,403 |
* 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.