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Under contract-accepting backup offers. LOCATION! LOCATION! INVESTORS LOOK NO MORE! This property has lots of potential whether you keep it as a religious center or decide to re-purpose the property currently used as a religious center. Located in an unincorporated area of Orlando, roughly three to four miles south of downtown. The immediate area is influenced by its proximity to Downtown Orlando, along with good access to the surrounding network of roads and established population. As one of Orlando’s older and more established areas, the neighborhood predominantly contains older residential, commercial, and industrial uses. Properties located along Oak Ridge Road between Orange Blossom Trail and Orange Avenue are primarily zoned C-1 This property is currently being used/leased month to month. The area's well-established neighborhood boundaries are roughly Orange Blossom Trail to the west, Michigan Street to the north, Conway Road to the east, and Sand Lake Road to the south. Orange Avenue (State Road 527) and Orange Blossom Trail (U. S. 441) are the main access roads through the neighborhood. Orange Avenue runs north through downtown Orlando and into the exclusive Winter Park community. To the south, it runs through the industrial town of Taft and then merges with Orange Blossom Trail (U. S. Hwy 441), leading into Kissimmee. U. S. Highway 441 is a mostly 4 to 6-lane commercial roadway that serves as a north-south connector between many of the major urban areas in Florida. The property is also about 4 miles east of Interstate 4. Located wholly within Florida, Interstate 4 provides a southwest-to-northeast connection across the central Florida, providing access to the metropolitan areas of Tampa-St. Petersburg, Lakeland-Winter Haven, Orlando, and Daytona Beach. Oak Ridge Road and nearby connectors Lancaster Road and Hoffner Avenue are all secondary roads located in the neighborhood and connect Orange Avenue to Orange Blossom Trail. All measurements are estimated and to be independently verified. The buyer is responsible for verifying lot size, lot dimensions, land use, and any other information deemed important to the buyer. All measurements are estimated and to be independently verified. Please contact the County Planning/Zoning department to confirm any usage restrictions.
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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 | $292,000 | $292,000 | $292,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.042% | 6.160% |
Monthly Tax Payment | $187 | $187 | $187 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,918 | $1,918 | $2,444 |
Total Monthly Payment | $2,180 | $2,180 | $2,706 |
* 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.