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Discover an exceptional investment opportunity nestled in the heart of the sought-after Crestwood neighborhood of Southeast Ocala. This charming 4-bedroom, 2-bathroom pool home, originally built in 1972, spans 2, 089 square feet and is poised for transformation. With its competitive pricing and generous layout, this property is an ideal candidate for a fix-and-flip project that promises substantial returns.
Upon entry, you'll find a spacious interior that includes expansive living and bonus rooms, perfect for modernizing into open-concept spaces ideal for today's market. The home's layout, with its large bedrooms and connected corridor, offers a versatile foundation for a contemporary makeover. The primary suite, discreetly located at the rear, provides an opportunity to create a tranquil retreat.
The eat-in kitchen, featuring ample cabinetry and a kitchen island, is a renovation-ready space that opens up to a screened patio and sizeable fenced backyard. The property's 0. 32-acre lot includes a screened in-ground pool, presenting an opportunity for enhancement through resurfacing and modern updates. Additional features include a large backyard shed, vegetable gardens, mature trees, and a two-car attached garage, all of which add to the home's appeal and functionality.
Strategically located near top-rated schools, Jervey Dent park, ball fields, the Ocala YMCA, and shopping centers, this home offers a balance of tranquility and accessibility. It's an excellent opportunity for investors to capitalize on improving equity through strategic renovations of the kitchen, bathrooms, and outdoor spaces.
This property offers the perfect canvas for investors looking to create value through modernization and enhancements, with significant potential for immediate equity gains. Don't miss the chance to transform this Ocala gem into a highly desirable residence that stands out in the competitive real estate market.
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Our Executive Mortgage Banker:
Our Insurance Division:
$315,000
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
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $252,000 | $252,000 | $252,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.156% | 5.522% |
| Monthly Tax Payment | $364 | $364 | $364 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,431 | $1,509 | $2,026 |
| Total Monthly Payment | $1,870 | $1,948 | $2,465 |
* 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.