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** Canal Front Investment Opportunity!** ***TWO MOBILE HOMES ON A HALF ACRE CANAL FRONT LOT***
Discover this unique property featuring **two canal front mobile homes**, each offering 2 bedrooms and 2 baths. Enjoy the convenience of **covered porches** that span the length of each home, perfect for relaxing and taking in the serene views.
The first mobile home has been **fully remodeled in 2024**, featuring a new aluminum roof and a complete gutting to the studs, ensuring a modern and fresh living space. The second home has also seen updates in 2024, with **new laminate flooring**, a **new AC unit installed in 2019**, and a stylish new shower.
Situated on a generous **1/2 acre lot** with brand new rock landscaping, there's no grass to mow, giving you more time to enjoy outdoor activities like **fishing** in the canal or launching your boat at the nearby public boat ramp. The stunning **Lake Marion**, just a short distance away, offers **3 miles long and 2 miles wide** of prime fishing waters, covering **3021 acres** and known for its excellent fishing opportunities.
This property presents a fantastic investment potential! Use one home as your personal retreat while renting out the other, or create a rental income from both. Additional features include a **metal carport** for parking and a **detached garage** for extra storage.
Don’t miss out on this incredible opportunity to own a piece of canal front paradise! Contact us today for more information and to schedule a viewing!
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Our Executive Mortgage Banker:
Our Insurance Division:
$279,000
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
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $223,200 | $223,200 | $223,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.050% | 6.132% |
Monthly Tax Payment | $228 | $228 | $228 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,392 | $1,466 | $1,868 |
Total Monthly Payment | $1,695 | $1,769 | $2,171 |
* 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.