10442 Riva Ridge TRAIL, Orlando, FL, 32817 | $425,000

Under contract-accepting backup offers. This home can be purchased with NO MONEY DOWN. Investor Opportunity where charming meets convenience with this dual INCOME PRODUCING DUPLEX! 10442 & 10444 Riva Ridge Trl sitting on a quarter-acre lot near UCF & Valencia campuses! Each unit comes paired with separate driveways & walkways. As you enter the first unit, an open concept living room holds beautiful luxury vinyl wood plank flooring that continues throughout the space. High ceilings open ahead to the kitchen with granite countertops & decked out in modern appliances & cabinetry. Bedroom 1 & 2 both have abundant natural light through the picture windows & are equipped with built-in closets & modern ceiling fan light fixtures. The two bedrooms share one full bathroom completing the space. Entering the second unit, similarly walk into the open concept living room area with large tile flooring continuing throughout the unit. The kitchen area opens up with high ceilings as well and an additional room off the kitchen that can serve as a dinette. Two bedrooms complete with built-in closets share a full bathroom as well. Each unit opens up to space in the shared backyard and each unit is currently on a month-to-month lease. Modern touches throughout & close to major highways like FL-417 and college campuses, this duplex is an investor’s dream! Schedule a showing today for this valuable opportunity!

Features

  • Rooms: 8
  • Bedrooms: 4
  • Baths: 2 full
  • Laundry: Inside
  • Year Built: 1984
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,636
  • Acreage: 0.25
  • Est. Taxes: $4,159
  • Elem. School: Riverside Elem
  • Middle School: Union Park Middle
  • High School: University High
  • Pet Policy: Yes
  • Appliances: Range, Refrigerator
  • MLS#: O6247305
  • Days on Market: 31 days
  • Website: https://www.raveis.com
    /prop/O6247305/10442rivaridgetrail_orlando_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 12/23/2024 1:58:23 AM)
Listing courtesy of KELLER WILLIAMS ADVANTAGE III REALTY   Phone: 407-207-0825

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NMLS Mortgage Loan Originator ID 16953

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Melissa.Cohn@raveis.com

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10442 Riva Ridge TRAIL, Orlando, FL, 32817

$425,000

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 $340,000 $340,000 $340,000
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 $347 $347 $347
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,291 $2,260 $2,867
Total Monthly Payment $2,713 $2,682 $3,289

* 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.