5075 S Barker POINT, Lecanto, FL, 34461 | $1,080,000

INVESTMENT OPPORTUNITY!! Welcome to Leisure Acres - a quiet, friendly neighborhood in the community of Lecanto! These 7 manufactured homes, ranging from 1983 - 1986, are nestled on a 4. 43-acre tract on a private dead-end road. There are 6 updated/remodeled three bedroom/two bath units and 1 updated/remodeled two bedroom/one bath unit. They each have at least one storage shed, deck, laundry hook-up, range, refrigerator, dishwasher, water heater, and are fenced. Each home is situated on over a half acre and there is NO HOA. All seven homes are currently leased, share well water from two wells onsite, and each have their own septic tank. Trash is also included in the rent. There have been various updates to each of the homes between 2018 - 2024; SEE ATTACHED for all details. Located 6 minutes from Lecanto Primary, Middle, and High schools (bus comes right to the property), and the Veterans Highway is only 8-10 minutes away making it easy to travel to Tampa (1 hour commute)! For those who love a little vitamin 'sea', the beach is only 20 minutes away! This great investment opportunity is being sold together as one purchase!

Features

  • Bedrooms: 20
  • Units: 7
  • Laundry: Other
  • Year Built: 1983
  • Garage: Off Street
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 706
  • Acreage: 4.43
  • Est. Taxes: $6,841
  • Lot Desc: Level, Oversized Lot, Street Dead-End
  • Elem. School: Lecanto Primary School
  • Middle School: Lecanto Middle School
  • High School: Lecanto High School
  • Pet Policy: Yes
  • Lease Terms: 12 Months
  • MLS#: G5089073
  • Days on Market: 4 days
  • Website: https://www.raveis.com
    /prop/G5089073/5075sbarkerpoint_lecanto_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 12/22/2024 4:04:04 AM)
Listing courtesy of COLDWELL BANKER TONY HUBBARD REALTY   Phone: 352-394-4031

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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

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  • Is available to meet with you in our office, your home or office, evenings or weekends
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5075 S Barker POINT, Lecanto, FL, 34461

$1,080,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $864,000 $864,000 $864,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.620% 6.735% 6.806%
Monthly Tax Payment $570 $570 $570
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,604 $5,532 $7,586
Total Monthly Payment $6,299 $6,227 $8,281

* 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.