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Outstanding Investment Opportunity with Immediate Rental Income!
Welcome to 3686 Lubec Avenue, a well-maintained 3-bedroom, 2-bath home offering the perfect combination of functionality, convenience, and investment potential. Currently tenant occupied, this property provides immediate cash flow and is an excellent opportunity to own in one of North Port's most desirable and rapidly growing areas.
Inside, you'll find a bright, open floor plan featuring tile flooring throughout, solid surface countertops, abundant cabinet space, and a spacious kitchen that flows effortlessly into the dining and living areas. Sliding glass doors open to the expansive backyard, creating the perfect setting for enjoying Florida's beautiful weather or designing your own outdoor retreat.
Conveniently located just minutes from shopping, restaurants, schools, parks, and major roadways, this home offers the ideal balance of peaceful neighborhood living and everyday convenience.
Investors will appreciate the rare opportunity to expand beyond a single property. The seller is also offering nine additional homes, allowing buyers to purchase individually or as part of a portfolio of income-producing properties. One of the homes is currently vacant and available for showings, giving buyers the opportunity to view the floor plan and finishes before making an investment decision.
Please note: The home is currently tenant occupied. Interior photos have been virtually staged to showcase the property's full potential.
Whether you're looking to grow your investment portfolio or secure a quality rental property in a thriving market, 3686 Lubec Avenue is an opportunity you won't want to miss. ***Pictures are virtually staged***
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Our Executive Mortgage Banker:
Our Insurance Division:
$324,000
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 | $259,200 | $259,200 | $259,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.640% | 5.952% |
| Monthly Tax Payment | $406 | $406 | $406 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,575 | $1,637 | $2,152 |
| Total Monthly Payment | $2,056 | $2,118 | $2,633 |
* 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.