Under contract-accepting backup offers. Welcome to this duplex located in sought after neighborhood of College Park in Orlando, Florida. This property has not hit the market in over 30 years and it’s a once in a lifetime opportunity to own an investment property in College Park. This property is also perfect for a homeowner who wants to live in one part of the home while leasing out the other- or an investor who wants to take advantage of the appreciation created from multiple $1m+ homes around the area. Both tenants have been there for 3 plus years and would like to continue staying if possible. Both sections of the duplex are similar and offer roughly 650 square feet of living space, each with their own kitchen, living room and bedroom as well as full bathroom. This duplex has a newer roof and has central air and heat and both units are under a service contract. There is also a storage shed on property that is split between each tenant, which is great for storage, grills, beach furniture or just general storage. This particular corner is well lit and safe and offers an amazing location within College Park. College Park residents enjoy a vibrant community with many local shops, restaurants, parks, and entertainment including Dubsdread Golf Course. A-rated Princeton Elementary School, Matthews Park, College Park Neighborhood Center, and the Emeril Lagasse Kitchen House are just blocks away. AdventHealth’s main hospital campus is just down the road with many highlights nearby including a SunRail station, Orlando Ballet Company & School, Orlando Science Center, and the Mennello Museum of American Art. The property is minutes from downtown Orlando, less than 30 minutes to the attractions, under an hour to the beach, and not to forget just minutes from I-4. Property has off-street parking and on street parking.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $332,000 | $332,000 | $332,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $427 | $427 | $427 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,237 | $2,207 | $2,800 |
Total Monthly Payment | $2,739 | $2,709 | $3,302 |
* 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.