Commercial (Office/Retail) building and residential rental investment home on . 44 acres zoned C-3A (Mount Dora FL) with a total of 2943 SF, (home #1-1297sf; home #2-1036sf, garage at 312sf, front open porch of 106sf, and a back finished porch of 192sf). Two houses on one lot, one which is currently used for a short-term vacation rental house (it can be used as a long-term residential rental as well), and the other building can be used as an office/retail rental property. Both have been recently renovated and are centrally located close to the heart of historic Mount Dora.
The residential rental is a 2 bed/2 bath, residence that sleeps 6 and each bedroom has a king-size bed. The large family room has sectional sofa as well as an additional queen size sleeper-sofa. The fully equipped kitchen has a range, refrigerator, microwave, and dishwasher. The screened-in Florida room overlooks the large back yard.
The Commercial/Office/Retail space has 6 office/spaces, a fully equipped kitchen with a range, refrigerator and microwave, two bathrooms, and a large front “porch” space.
Site Description:
Private Parking on site which allows approximately 10 vehicles. Sale Bullets: 1-2 Minutes to Everything in Mt Dora 3 minutes for Mount Dora Boating Center and Marina Less than 50 minutes from Orlando’s theme park attractions Within 1 hr. 15 minutes to Daytona Beach 39 Minutes from Sanford International Airport 45 minutes from Orlando International Airport.
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William Raveis Real Estate
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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 | $599,920 | $599,920 | $599,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.282% | 6.538% |
Monthly Tax Payment | $260 | $260 | $260 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,093 | $4,042 | $5,144 |
Total Monthly Payment | $4,445 | $4,394 | $5,496 |
* 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.