BACK ON THE MARKET – BUYER’S FINANCING FELL THROUGH! Welcome to 200 Live Oak Street, a historic treasure in the heart of New Smyrna Beach’s Historic District. Just one block from the vibrant Canal Street and only 5 minutes from pristine Florida beaches, this property offers the perfect blend of charm, location, and opportunity. Zoned Mixed-Use (MU) with nightly rentals permitted and located within the B&B overlay, this versatile property also allows for Airbnb and short-term rentals, making it a fantastic investment opportunity. The property includes four separate units: a 1, 000 sq. ft. downstairs commercial space with an ADA-compliant bathroom and expanded parking, and three residential units—Unit A downstairs, featuring 1 bedroom and 1 bathroom, and Units B and C upstairs, each offering 1 bedroom and 1 bathroom. It is fully rented, generating immediate income for the new owner. This turnkey property comes fully furnished, ready for use or continued rental operations. Recent upgrades include a new roof (January 2023) with warranty, tropical landscaping with shell groundcover (February 2023), and a transferable termite bond (tented September 2022). Situated on a spacious corner lot, it boasts excellent visibility, ample parking for vehicles, boats, or trailers, and prime signage opportunities. Whether you envision operating a boutique, coffee shop, wellness studio, or maintaining its thriving status as a short-term rental property, the possibilities are endless. Ideally located just an hour from Orlando International Airport (MCO), steps from Canal Street's shops, dining, and events, and minutes from the beach, this rare gem offers charm and potential in one of Florida’s most desirable coastal towns. Don’t miss this opportunity to own a fully furnished, fully rented, income-generating property in historic New Smyrna Beach!
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $719,200 | $719,200 | $719,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.375% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.209% | 6.498% | 6.579% |
Monthly Tax Payment | $941 | $941 | $941 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,605 | $4,487 | $6,216 |
Total Monthly Payment | $5,638 | $5,520 | $7,249 |
* 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.