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608 Dundee ROAD, Dundee, FL, 33838 | $635,000
This is an Income-producing property with up to 6 units, with upside! Two structures are on the property - the ?rst being a two-story 2, 131 SF building with two retail/of?ce spaces on the ground level and two studio apartments on the second ?oor. The second structure is a 1, 384 SF duplex, with 3/1 and 2/1 units, respectively.
Both buildings have been renovated over the past few years. The two story structure has a brand new metal roof, and each of the 4 units have their mini split A/C unit. The building has also been painted, and the two studio apartments have been completely renovated featuring new kitchen counters and laminate floors.
A religious facility tenant occupies the two units on the first floor, at well under market rent. The second floor with the studios currently fetch $1, 250 per unit. The duplex has one long term tenant, and one totally renovated unit.
The property is located near the Dundee Ridge shopping center and approximately 10 minutes from downtown Winter Haven.
Dundee is a small town on the other side of Winter Haven, separated by US 27, a main thoroughfare running north and south.
Features
- Property Type: Mixed Use
- Construction: Block, Wood Frame
- Utilities: Public
- Levels: 2
- Heating: Central
- Cooling: Central Air, Mini-Split Unit(s)
- Lot Size: 90 x 60
- Year Built: 1986
- Approx Sq. Feet: 3,515
- Acreage: 0.34
- Est. Taxes: $4,623
- Lot Desc: City Lot
- MLS#: O6258464
- Days on Market: 1 day
- Website: https://www.raveis.com
/prop/O6258464/608dundeeroad_dundee_fl?source=qrflyer
Listing courtesy of SVN SAUNDERS RALSTON DANTZLER REAL ESTATE Phone: 863-648-1528
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
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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
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
608 Dundee ROAD, Dundee, FL, 33838
$635,000
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 | $508,000 | $508,000 | $508,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.425% | 7.146% | 6.276% |
| Monthly Tax Payment | $385 | $385 | $385 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,337 | $3,376 | $4,284 |
| Total Monthly Payment | $3,814 | $3,853 | $4,761 |
* 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