Great investment opportunity with new metal roof (2023) in the rural town of Pierson, FL—just 30 miles from Ormond beach and one hour north of Orlando. This income-producing quadplex offers flexibility for investors or owner-occupants alike. With four separate units, you can choose to keep all rented or live in one while generating rental income from the others.
The property is on a corner .27 acre lot with plenty of parking. This is an opportunity for anyone looking to grow their rental portfolio or establish multi-generational housing with income potential.
Don't miss this chance to own a multi-unit property in an area with strong rental demand.
Subdivision:
KINNELLS PIERSON
Heating:
None, Space Heater
Cooling:
Wall/Window Unit(s)
Construction
HardiPlank Type, Wood Frame
Utilities
BB/HS Internet Available, Cable Available, Electricity Connected
Lot Description:
City Lot, Level, Oversized Lot
Elementary School:
Pierson Elem
Middle School:
T. Dewitt Taylor Middle-High
High School:
T. Dewitt Taylor Middle-High
161 W 2ND AVENUE, Pierson, FL, 32180
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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