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!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,080,000
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 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.