|
This 3-bedroom, 2-bath split-floorplan home sits on a . 36-acre lot and is a great fit whether you’re buying as an investment or for your own primary residence. It’s located on the edge of town on a dead-end cul-de-sac, offering minimal traffic, extra privacy, and a quieter setting.
You’re also in a great up-and-coming neighborhood, with a brand-new housing development just across the street and continued improvements throughout the area. The neighborhood is really starting to show pride of ownership, with homeowners actively fixing up and upgrading their properties—making this location more and more sought after. Inside you’ll find new flooring, granite countertops, stainless steel appliances, and a gas stove, plus a cozy wood-burning fireplace in the living room. The kitchen features an island breakfast bar, and there’s a large dining room—perfect for entertaining or everyday living. The primary suite is very large and includes double sinks, granite countertops, and a jacuzzi tub. The main bathroom also features a large walk-in shower that could easily be modified for handicap accessibility. Step outside and you’ll love the outdoor setup: a covered lanai with beautiful stonework, a fenced-in yard, and lots of functional space. You’ll also have an 8x12 garden shed, an 8x10 well pump shed, and an additional 11x18 building with laundry hookups—great for storage now, or potentially finishing off for an office, workshop, or home gym. There’s a carport plus an additional lean-to off the 11x18 building for extra storage or vehicle parking. Plenty of parking, room to spread out, and a layout that just makes sense.
Currently rented for $1, 850/month to great tenants, this property can produce immediate cash flow—or purchase it for yourself and enjoy the space, privacy, and extras. And here’s the bigger opportunity: two additional nearby/adjacent properties are also available, creating a rare three-property package with multiple ways to win:
The adjoining . 49-acre parcel (nearly half an acre) includes a very well-built 25x20 building—ideal for storage, a home business, or parking vehicles.
A third property in the same area is a mobile home on nearly 1/3 acre, currently rented at $1, 250/month.
Live in one, rent the other two, or add all three to your portfolio for a flexible, cash-flow-friendly investment setup.
Also available for purchase is a fourth property just two houses down, fully rehabbed, fully remodeled, ready for a tenant. It was currently rented at $1650.
Live in one, rent the others, or combine multiple properties for a strong cash-flow strategy with different options depending on your goals.
Buyer to do their due diligence and verify zoning, building requirements, permitted uses, and rental/income potential with the City of Frostproof and Polk County.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$200,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $160,000 | $160,000 | $160,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.161% | 6.120% | 5.541% |
| Monthly Tax Payment | $174 | $174 | $174 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $896 | $958 | $1,286 |
| Total Monthly Payment | $1,145 | $1,207 | $1,535 |
* 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.