6260 Landover Ter North Port, FL 34287
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About this home
$40,000 Price Adjustment! ONE UNIT IS NOW VACANT making an incredible opportunity to LIVE IN One Unit and RENT out the other!! Don’t miss this investment property in the heart of North Port! This well-maintained duplex features two spacious units! Both units have been updated with brand-new luxury vinyl plank (LVP) flooring throughout, offering a clean, modern look and low maintenance. One unit has been fully remodeled including a beautifully updated kitchen and new appliances, as well as a completely renovated bathroom. The other unit from showcases a stunning kitchen with quartz countertops, a tile backsplash, and stainless-steel appliances, as well as a beautifully updated bathroom featuring quartz countertops. The units have their own newer HVAC system for independent climate control and added tenant comfort. Each unit also benefits from separately metered washer and dryer hookups, making utility management simple and efficient. The entire exterior has been recently painted, the roof was replaced in 2023, and the property includes a convenient storage unit. Major systems have been updated as well, including updated copper wiring, recently upgraded electrical with new panel boxes, and re-plumbing, giving peace of mind for years to come. ZONING UPDATED recently now allowing for COMMERCIAL or BUSINESS opportunities. Located just minutes from shopping, dining, and parks, with easy access to I-75 and U.S. 41, this duplex offers strong rental potential in a rapidly growing area of Southwest Florida known for its excellent schools, friendly community, and proximity to Gulf Coast beaches. Whether you're looking to expand your investment portfolio or live in one unit while renting out the other, this turnkey property is ready to go.
Source: STELLAR #OM701134
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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.