This historic three-story brick building in downtown Auburndale sits adjacent to the park and is full of character and potential. Featuring exposed brick walls and classic architecture, it currently houses 17 residential apartments upstairs and 4 commercial units on the ground floor. The sale includes engineered plans for a redesigned layout with 18 residential units and five commercial spaces. The building is currently sprinkled and units are separately metered for electricity. Located within Auburndale’s Downtown CRA, redevelopment grant funding is available. With the city’s growth and increasing desirability, this property is a prime investment opportunity. Showings are by appointment only.
206 PILAKLAKAHA AVENUE, Auburndale, FL, 33823
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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