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JUST RENOVATED! RARE DUPLEX WITH BASEMENT ON NEARLY HALF AN ACRE IN DOWNTOWN DAVENPORT FLORIDA, WITH BASEMENT AND NO HOA! LIVE IN ONE UNIT AND RENT THE OTHER! ALL ELECTRIC & PLUMBING UPDATED. Welcome to 207 E Palmetto Street—A FULLY REMODELED, MOVE-IN-READY DUPLEX/ offering incredible flexibility for homeowners or investors alike! Situated on a spacious . 41-ACRE LOT, this unique property includes a total of 5 BEDROOMS, 3 FULL BATHROOMS, an AIR-CONDITIONED LAUNDRY ROOM, and a RARE FLORIDA BASEMENT—PERFECT FOR A SHE SHED OR MAN CAVE, OFFICE, A GYM OR A WORKSHOP. SAVE MONEY ON STORAGE RENTAL!!! The property is split into two units: UNIT A: 3 BEDS / 2 BATHS featuring a MASSIVE 16X14 MASTER SUITE with en-suite bath and HUGE 8 X 7 WALK-IN CLOSET. , AND UNIT B: 2 BEDS / 1 BATH, Major upgrades include BRAND NEW ROOFS, NEW AC SYSTEMS, NEW WATER HEATERS, and full cosmetic renovations—inside and out. From NEW FLOORING AND FRESH PAINT TO UPDATED KITCHENS AND BATHROOMS, every detail has been thoughtfully modernized. Whether you're looking to LIVE IN ONE UNIT AND RENT THE OTHER, ACCOMMODATE EXTENDED FAMILY, or simply add a strong cash-flowing asset to your portfolio, this one-of-a-kind property delivers. Located just minutes from historic Downtown Davenport, with easy access to I-4, shopping, schools, and parks. Don't miss your chance to own one of the most versatile and unique properties in Polk County WITH A BASEMENT & NO HOA!!!!
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Our Executive Mortgage Banker:
Our Insurance Division:
$469,000
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 | $375,200 | $375,200 | $375,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.108% | 7.063% | 6.152% |
Monthly Tax Payment | $150 | $150 | $150 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,372 | $2,465 | $3,141 |
Total Monthly Payment | $2,597 | $2,690 | $3,366 |
* 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.