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1570 28th STREET, Sarasota, FL, 34234 | $469,000
CALLING ALL INVESTORS!!! Drastically reduced and priced to move quickly!! The much smaller side is now leased at $2400 a month and the larger side should bring somewhere around $2750 a month!! Discover this rare FULLY REHABBED and spacious duplex located in the heart of Sarasota, offering an unparalleled investment opportunity or the perfect setup for extended family living. Each side of this expansive 8 bedroom property features 4 bedrooms, providing ample space and a massive opportunity for a huge 10% ROI for investors. Expected rent should easily cover the 1% rule plus some.
One of the key highlights of this property is the recent upgrades, including an A/C unit replaced in 2022 and another in 2024, ensuring modern climate control. All kitchen appliances are stainless. The roof, only 2 years old, adds peace of mind, along with a brand-new water heater. Additionally, the entire property was repiped approximately 10 years ago, offering an updated and reliable plumbing system. Built with 80% block construction and featuring hurricane impact-resistant windows, this property promises durability, safety, and energy efficiency. Not to mention, the interior and exterior are freshly painted as of August 2024. Both sides have their own dedicated laundry rooms and wash and dryers do convey with the property. In addition, the property has a carport plus ample parking available so you’ll have no trouble accommodating multiple vehicles.
Situated just a few short blocks from Ringling College and centrally located to everything Sarasota has to offer, this duplex is perfectly positioned for convenience and lifestyle. Whether you’re looking to rent out both units or live in one and rent the other, this property offers flexibility and a prime location that’s hard to beat.
Don’t miss out on this unique opportunity to own a piece of Sarasota real estate that combines space, location, recent updates and of course amazing rental value!
Features
- Units: 2
- Laundry: Inside, Laundry Room
- Year Built: 1960
- Heating: Central
- Cooling: Central Air
- Approx Sq. Feet: 2,238
- Acreage: 0.17
- Est. Taxes: $3,248
- Appliances: Dryer, Range, Refrigerator, Washer
- MLS#: A4621107
- Days on Market: 39 days
- Website: https://www.raveis.com
/prop/A4621107/157028thstreet_sarasota_fl?source=qrflyer
Listing courtesy of KW SUNCOAST Phone: 941-792-2000
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
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
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Yokadi MejiaInsurance Sales Director, William Raveis Insurance
561.335.7966
Yokadi.Mejia@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1570 28th STREET, Sarasota, FL, 34234
$469,000
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
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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** | 7.000% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.563% | 7.159% | 6.276% |
| Monthly Tax Payment | $271 | $271 | $271 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,496 | $2,494 | $3,164 |
| Total Monthly Payment | $2,842 | $2,840 | $3,510 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388