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Exceptional investment opportunity in the growing Winter Haven / Eloise area featuring multiple parcels with income-producing and development potential. This unique package includes the commercial mechanic shop located at 204 Snively, two vacant lots at 208 Snively and 101 1st St. Eloise, plus 210 Snively featuring two residential homes on one lot.
The commercial mechanic shop is currently tenant occupied at $2, 500 per month, providing immediate income. The building received major updates in 2021 including a new electrical panel and split AC units. The property is connected to public water and city sewer. Positioned along a high-visibility corridor with an approximate traffic count of 17, 500 vehicles per day, this location offers excellent exposure for current or future business use.
210 Snively includes two residential homes situated on one lot, with one unit currently rented for $1, 000 per month and the second unit vacant, offering additional income potential or owner-user flexibility. Both residential units are connected to public water and serviced by septic systems.
The included vacant lots at 208 Snively and 101 1st St. Eloise create additional possibilities for expansion, storage, redevelopment, or future development opportunities. Additional vacant lots at 205 Snively and 0 Snively are also available for added expansion and increased road frontage exposure. Conveniently located near major roadways, downtown Winter Haven, and area commerce, this multi-property package offers a rare combination of commercial income, residential income, redevelopment potential, and long-term upside.
An added bonus is the properties are currently in the process of being rezoned to CAC (Community Activity Center) & Institutional, allowing the opportunity to continue the current use or transition into a variety of future permitted uses including offices, retail stores, banks, personal service businesses, and certain community facilities. This proposed zoning flexibility creates significant potential for investors, developers, or owner-users looking for future growth opportunities in an expanding area.
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Our Executive Mortgage Banker:
Our Insurance Division:
$850,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $680,000 | $680,000 | $680,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.312% | 6.235% | 6.183% |
| Monthly Tax Payment | $81 | $81 | $81 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,022 | $4,132 | $5,738 |
| Total Monthly Payment | $4,194 | $4,304 | $5,910 |
* 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.