Take advantage of this outstanding investment opportunity to own a half duplex situated in the Cimarron South Subdivision of South Lakeland. This property features 3 bedrooms and 2 bathrooms, showcasing a spacious open floor plan that promotes an inviting and functional living. As you enter the home you will find beautifully installed tile flooring throughout and new window blinds. With a reliable tenant currently occupying the unit until August 2025, you can enjoy immediate and consistent cash flow from the start. Recent Upgrades include a new roof installed in 2021, double pane windows installed in 2022 and re-plumbed in 2021. This half of a duplex is conveniently located near a variety of shopping centers, including Lakeside Village, offering a wealth of dining, shopping, and entertainment options just moments away. Additionally, easy access to the Parkway enhances the property’s appeal for tenants seeking a convenient lifestyle.
This half duplex is not just a home; it’s a strategic investment opportunity in a growing area. With its attractive features, stable tenant, and prime location, this property is poised for long-term appreciation and stability. Don’t miss out on the chance to add this exceptional half duplex to your investment portfolio! Contact us today.
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William Raveis Real Estate
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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 | $204,000 | $204,000 | $204,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $227 | $227 | $227 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,409 | $1,374 | $1,735 |
Total Monthly Payment | $1,711 | $1,676 | $2,037 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.