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Great opportunity for investors or future owner-occupants seeking value and potential! This spacious 4-bedroom, 1-bath mobile home sits on a peaceful 0. 53-acre lot at the edge of town in an up-and-coming neighborhood.
The home features a large sun/family room, a separate living room, central air, and has been thoughtfully expanded to accommodate a larger household. Recent renovations include fresh paint, new flooring, updated paneling, modern light fixtures, and a full interior rehab.
Outdoors, you’ll find mature shade trees, a convenient horseshoe driveway, a 10x10 storage shed, and a two-car carport. The property is currently tenant-occupied at $1, 250 monthly, offering immediate rental income for investors and future flexibility for residential buyers.
The generous lot provides strong land value with potential for updates, expansion, or possible redevelopment. Located in a quiet, rural setting, this property offers privacy and space while remaining within a reasonable distance of local amenities. Ideal for buyers seeking affordable country living, steady income, or a value-add opportunity.
Additional opportunities are available:
An adjoining 0. 49-acre lot featuring a well-built 25x20 building, ideal for storage, a home business, or vehicle parking.
A neighboring 3-bedroom, 2-bath recently renovated home on 0. 36 acres, currently rented for $1, 850 monthly.
Another nearby 3-bedroom, 1-bath home just two houses down, also recently renovated is available for purchase.
Live in one, rent the others, or add all four to your portfolio for a flexible, cash-flow-friendly investment setup.
Buyer to do due diligence and verify zoning, building requirements, and permitted uses with city of Frostproof and Polk County
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Our Executive Mortgage Banker:
Our Insurance Division:
$85,000
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 | $68,000 | $68,000 | $68,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.875% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.112% | 6.520% | 5.415% |
| Monthly Tax Payment | $126 | $126 | $126 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $376 | $402 | $542 |
| Total Monthly Payment | $577 | $603 | $743 |
* 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.