2214 Michele DRIVE, Sarasota, FL, 34231 | $799,000

Endless opportunity awaits at this Multi family residence with two units. Each unit offers 2 bedrooms, 2 bathrooms and a single car garage. The rental unit is being sold furnished, ready to rent! This can be a multi generational home or the investment property opportunity that you have been waiting for! Live on one side, rent the other OR rent both units for a nice income. Both units have been remodeled and are cozy and quaint. THIS HOUSE HAS MADE IT THROUGH THE RECENT STORMS WITH NO DAMAGE. This is beautiful peace of mind! Have more peace of mind with the young roof that was installed in 2022 and enjoy newer AC units (2024 and 2022)! This duplex is conveniently located minutes from Siesta Key and its beautiful Gulf Beaches, numerous golf courses, shopping, restaurants and the wonderful downtown Sarasota area that offers a plethora of cultural venues, restaurants and shops. You will fall in love with this opportunity! Come see, come sigh and make this property your own!

Features

  • Units: 2
  • Laundry: Inside
  • Year Built: 1977
  • Garage: 1-car Boat
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,840
  • Acreage: 0.26
  • Est. Taxes: $6,064
  • Lot Desc: Cul-De-Sac, Sidewalk
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Riverview High
  • Appliances: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
  • MLS#: A4612891
  • Days on Market: 137 days
  • Website: https://www.raveis.com
    /prop/A4612891/2214micheledrive_sarasota_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/24/2024 8:17:07 PM)
Listing courtesy of KELLER WILLIAMS ON THE WATER S   Phone: 941-803-7522

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Yokadi MejiaInsurance Sales Director, William Raveis Insurance

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Our Insurance Division:

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2214 Michele DRIVE, Sarasota, FL, 34231

$799,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $639,200 $639,200 $639,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.498%
Monthly Tax Payment $505 $505 $505
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,253 $4,248 $5,481
Total Monthly Payment $4,850 $4,845 $6,078

* 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.