Income-Producing Opportunity in Growing Zephyrhills!
Discover this well-established, income-producing property in the heart of charming Zephyrhills! Spanning 2. 5 acres across two parcels, this property includes 3 single-family homes, 7 mobile homes, and an established RV slot, all currently rented by long-term tenants with rental histories ranging from 1 to 7 years. The property features additional amenities such as two garages/storage buildings, sheds, and two campers, as well as beautiful open spaces with mature trees, perfect for recreation and activities. With ample space available, there is incredible potential to expand by adding more mobile homes or additional RV slots, further maximizing income.
The property is equipped with separate electric meters for all but two homes, serviced by two wells, and supported by a combination of individual and shared septic systems—six homes have individual septic tanks, while four share one system. Conveniently located near shopping, dining, schools, and medical facilities, this property is situated in a rapidly growing area with high rental demand. Furthermore, the park is grandfathered in, allowing the homes to be replaced if the new owner chooses, and current rental rates are below market average, presenting an excellent opportunity for increased income.
This rare investment opportunity offers a well-maintained, income-generating property with immediate cash flow and room for significant growth in one of Florida’s fastest-growing regions. Don’t miss your chance to capitalize on this expanding market—contact us today for more information or to schedule a private showing!
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Our Executive Mortgage Banker:
Our Insurance Division:
$875,000
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 | $700,000 | $700,000 | $700,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.750% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.239% | 6.849% | 7.037% |
Monthly Tax Payment | $451 | $451 | $451 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,716 | $4,540 | $6,243 |
Total Monthly Payment | $5,259 | $5,083 | $6,786 |
* 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.