Discover an exceptional investment opportunity in the heart of Bradenton's Floridana Mobile Home Community. This property, situated on a 3, 015-square-foot lot, offers the unique advantage of land ownership, eliminating costly rental fees. With a low monthly HOA fee of $160 covering water, sewage, solid waste disposal, and community amenities, this is an investor's dream.
The existing 2-bedroom, 2-bathroom mobile home, built in 1960, spans 460 square feet and includes a carport accommodating two vehicles. While the structure requires significant renovation, the true value lies in the potential to replace it with a new model tailored to your specifications.
Located just a short drive from Bradenton's vibrant downtown, residents enjoy easy access to a plethora of amenities. Explore the nearby Bradenton Riverwalk, a 1. 5-mile public green space along the Manatee River, featuring playgrounds, a splash pad, a skatepark, and a 400-seat amphitheater.
For beach enthusiasts, the pristine shores of Anna Maria Island are within reach, offering white sandy beaches and sparkling Gulf waters.
This property presents a rare chance to invest in a community that combines affordability, ownership benefits, and proximity to Florida's natural and cultural attractions.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$50,000
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 | $40,000 | $40,000 | $40,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.352% | 7.042% | 6.160% |
Monthly Tax Payment | $74 | $74 | $74 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $263 | $263 | $335 |
Total Monthly Payment | $412 | $412 | $484 |
* 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.