WONDERFUL TWO STORY BUILDING IN HEART OF AUBURNDALE WITH ONE RESTAURANT DOWNSTAIRS AND REST OF BUILDING IS BEING REMODELED IN THE HISTORIC DOWNTOWN BUSINESS DISTRICT. POLK COUNTY PROPERTY APPRAISER SAYS YEAR BUILT 1925 AND EFFECTIVE YEAR BUILT 2000. REAR EMERGENCY EXIT. SHARED COMMON AREA. 18 OFFICES AND 4 BATHROOMS UPSTAIRS, ONE BATHROOM IN CAFE AND 2 BATHS IN RESTAURANT DOWNSTAIRS. RESTAURANT IS ACTIVE AND BUSY SINCE A FIRE IN KITCHEN. 11,560 SF AREA. CITY WATER, SEWER AND GARBAGE. UPSTAIRS NEEDS RENOVATION COMPLETED. APPRAISED AT SALES PRICE. LOCATED BETWEEN LAKELAND AND WINTER HAVEN. NEAR ORLANDO/TAMPA IN FAST GROWING AREA.
117 E Lake 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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