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Presented by
Gail Lawrence |
80-90 Vine STREET, Oviedo, FL, 32765 | $695,000
Under contract-accepting backup offers. Duplex—PLUS!!! If you are looking for an income-producing property with a potential excellent rate of return in sought-after Oviedo, this is it! 90 Vine Street is a 2 bedroom, 2 bath that currently has a tenant. The unit is framed for a 3 bedroom 2 bath as well. The third bedroom was opened up to make a second living area. The closet is still in place, and this could easily be turned back into a 3 bedroom, 2 bath. 80 Vine Street is a 3-bedroom, 2-bath unit that is currently unoccupied. Below 80 Vine Street is a beautiful permitted Mother-in-Law suite that has been completely redone. It is a two-bedroom, one-bath unit with a large open kitchen and living area. The second bedroom downstairs has a door that exits to the back courtyard. A plumbed bathroom could be completed to create an efficiency apartment that could also be rented or added to the Mother-in-Law space. The downstairs unit has beautiful new French doors overlooking the serene backyard. The entire duplex was re-plumbed in 2017. The electrical panel was updated in 2019. The floors for the entire duplex were redone in 2017 with vinyl laminate. The AC unit for 80 Vine Street was replaced in 2017. The downstairs unit has all new mini split units, new cabinets, countertops, and appliances. This amazing property is beautifully located on a street with high-end homes near the Seminole trail, great schools, the Oviedo library, and downtown Oviedo. It is close to the Oviedo Hospital, UCF, Seminole State College, and major shopping and restaurants. This unique property is nestled in a park-like setting with so many opportunities! Rent out all the units, or live downstairs and earn income from the Duplex above. There is a spacious two-car garage that could be flex space for rental income, storing toys and trailers, or a workshop. There is NO HOA! This is a very special and unique property and an income-producing opportunity for you! The current owner obtained a conventional loan, lives downstairs, and rented the duplex for income.
Features
- Bedrooms: 5
- Units: 2
- Laundry: Inside, Laundry Closet
- Year Built: 1981
- Garage: 2-car
- Heating: Central
- Cooling: Central Air, Mini-Split Unit(s)
- Approx Sq. Feet: 3,216
- Acreage: 0.33
- Est. Taxes: $3,860
- Lot Desc: City Lot
- Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
- Lease Terms: 12 Months
- MLS#: O6186138
- Days on Market: 19 days
- Website: https://www.raveis.com
/prop/O6186138/8090vinestreet_oviedo_fl?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Gail LawrenceSales Associate
203.605.9040
Gail.Lawrence@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 793093
203.415.2989
Brian.Skelly@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Diane PadelliInsurance Sales Director, William Raveis Insurance
203.444.0494
Diane.Padelli@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
80-90 Vine STREET, Oviedo, FL, 32765
$695,000
Gail Lawrence
Sales Associate
William Raveis Real Estate
Phone: 203.605.9040
Gail.Lawrence@raveis.com
Brian Skelly
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $556,000 | $556,000 | $556,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.500% | 7.125% | 6.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 8.051% | 7.295% | 6.623% |
| Monthly Tax Payment | $322 | $322 | $322 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,888 | $3,746 | $4,805 |
| Total Monthly Payment | $4,302 | $4,160 | $5,219 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388