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Excellent investment opportunity in the city of Bartow. This newly constructed duplex built in 2023 offers modern design, strong rental income potential, and long-term investment value.
The property features two spacious units with a total of 6 bedrooms and 4 bathrooms, offering approximately 2, 666 square feet of living space. Each unit has been designed with functional layouts and durable materials, including concrete construction and stucco exterior, providing strength, efficiency, and low maintenance.
Both units are fully equipped with stainless steel appliances, including washer and dryer, offering convenience for tenants and making the property even more attractive in the rental market.
One of the units is already leased and generating income, while the second unit provides the opportunity to maximize returns by renting it out or using it as a primary residence.
With an expected rental income of approximately $1, 750/unit, the property has the potential to generate around $3, 500 in monthly income or approximately $42, 000 in gross annual rental income, making it an excellent option for investors seeking steady cash flow.
Situated on a large 11, 883 sq ft lot in the Orange Heights area of Bartow, within Polk County, the property is located in a residential community close to schools, local services, and major roadways connecting to Lakeland and other Central Florida cities.
This duplex is ideal for investors looking to expand their rental portfolio, as well as for owner-occupants interested in living in one unit while generating income from the other.
A great opportunity to own an income-producing property in a growing area of Central Florida.
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$540,000
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 | $432,000 | $432,000 | $432,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.507% | 6.649% | 6.026% |
| Monthly Tax Payment | $497 | $497 | $497 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,660 | $2,728 | $3,587 |
| Total Monthly Payment | $3,249 | $3,317 | $4,176 |
* 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.