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This beautiful Triplex in the Sanford Residential Historic District gives you endless possibilities! The New Owner can "Live for Free". . . . . . . . . . . Or add this cash flowing Florida Treasure to your Investment Portfolio!!! The building is nestled among the mature oaks and brick streets of Historic Sanford and draws from a large tenant base of individuals looking for a unique living experience far from the Suburban Sprawl. Downstairs has the oversized unit, while the interior staircase leads to the mirror units upstairs. The building is serviced for central heat/air, gas, electric, and water to make management a breeze. The common laundry and storage area are conveniently located adjacent to the living areas. Do NOT miss this opportunity in REAL FLORIDA for a unique building in the WONDERFUL Sanford Historic District!
****OWNER IS OFFERING A $5000 CASH "MAKE IT YOUR OWN" ALLOWANCE AT CLOSING FOR ANY TRANSACTION PRIOR TO 7/31/25
Please confirm with a professional all information herein, best efforts have been made at accuracy, but Buyer confirmation is recommended. Property is located in the Sanford Residential Historic District, please contact City of Sanford, or your Agent, for any related questions.
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Our Executive Mortgage Banker:
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$485,000
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 | $388,000 | $388,000 | $388,000 |
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% | 6.112% |
Monthly Tax Payment | $357 | $357 | $357 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,421 | $2,549 | $3,248 |
Total Monthly Payment | $2,853 | $2,981 | $3,680 |
* 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.