Charming 2-Bedroom, 1-Bathroom Block Home in Prime Spring Hill Location – Great Investment Opportunity!
This 690 sq. ft. block home, situated on a spacious 0. 25-acre lot, has a fantastic opportunity for both residential and commercial use. Located on Spring Hill Dr. , just a short 0. 25 miles from Walmart and close to downtown, this property is in an amazing location near local amenities, convenience and accessibility.
With its large, fenced-in backyard, this home has a great outdoor entertaining or creating your own private retreat. The property is zoned for both commercial and residential use, has incredible flexibility for future development or personal use.
This property has tons of potential and is priced for a quick sale, great property for cash investors looking to close in 30 days. Whether you're looking to invest, develop, or create your dream home, this is the opportunity you've been waiting for.
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Our Executive Mortgage Banker:
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$149,000
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 | $119,200 | $119,200 | $119,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
Monthly Tax Payment | $77 | $77 | $77 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $773 | $763 | $990 |
Total Monthly Payment | $925 | $915 | $1,142 |
* 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.