2410 E Church St Orlando, FL 32803
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About this home
**Seller is motivated - will consider all offers** Prime Investment Opportunity in the Heart of Orlando! Zoned R-2 residential, this property offers multiple income-producing strategies. Convert it into office space, build a custom duplex, or add a detached garage apartment to maximize returns. With no HOA restrictions, you have complete flexibility to tailor this property to your investment goals. Its prime location also makes it ideal for high-demand short-term rentals like Airbnb or a pad split model, creating strong cash flow potential. Now offered AS IS with $15,000 in seller concessions toward buyer closing costs, this is a rare chance to secure a high-potential asset in one of Orlando’s most dynamic neighborhoods. Located in the vibrant Milk District, this beautifully updated four-bedroom, two-bathroom bungalow blends character, charm, and convenience. The spacious interior features generous living areas, a welcoming front porch, and mature landscaping. The 2023-updated kitchen includes wood cabinetry, granite countertops, and a breakfast bar. A large backyard and detached building offer endless possibilities for expansion, outdoor entertaining, or additional storage. Just minutes from Downtown Orlando, major highways, the Kia Center, Dr. Phillips Center, top restaurants, bars, and retail, this home also provides easy access to Orlando Executive and International Airports and nearby Winter Park, perfect for an exciting, urban lifestyle. All information is deemed reliable but not guaranteed; buyers and agents should verify all details, including taxes, zoning, room sizes, and lot dimensions. PLEASE READ REALTOR REMARKS for additional details.
Source: STELLAR #O6288720
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.