ONE OF A KIND IN SUNNY SARASOTA. . . MULTI-GENERATIONAL LIVING OPPORTUNITY. . . MULTI-FAMILY CASH FLOW OPPORTUNITY. . . BOASTING A LARGE LOT AND SPARKLING POOL! YOU WONT FIND ANOTHER PROPERTY LIKE THIS! The main living space boasts 2 bedrooms and 1 bathroom with a spacious open floor plan. Mostly updated throughout the kitchen and living spaces. . . ready for your finishing touches. Don't forget about the pool. . . it can be accessed just steps away in the private backyard. Plenty of space to relax and there's even an outdoor shower just adjacent to the pool. LIVE IN ONE SIDE AND RENT OUT THE OTHER. The attached mother-in-law suite/ apartment is also very charming and spacious. Also offering an open layout with a full bedroom, bathroom, kitchen, and private fenced in yard. 2 separate driveways and private entrances make for an ideal living situation. The secondary living space is currently being leased for $2, 200/ month. ZONED RMF-4. Opportunity for even more value add with an ADU, plenty of room to roam on this lot. The side yard has space to park an RV or boat, and the the garage offers additional living space. This property is an AIRBNB/ rental haven but is also suiting for a primary residence, truly endless opportunities. Just 10 short minutes to the world renowned St. Armands Circle with endless restaurants and activities. Less than 10 minutes to beautiful downtown Sarasota. . . in the middle of it all but it still feels like you're a world away. New roof (2021), new windows (2024), updated electrical panels, new AC system in apartment, replaced sewer lines, upgraded plumbing with PEX, renovated bathrooms, new water heaters, new kitchen appliances in both units, fresh flooring throughout, pool resurfacing, and mechanical upgrades. Opportunities like this don't come around too often. This home speaks for itself, come see it today!
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$659,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $527,200 | $527,200 | $527,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.490% | 5.490% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.490% | 6.654% | 5.752% |
Monthly Tax Payment | $324 | $324 | $324 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,332 | $3,329 | $4,305 |
Total Monthly Payment | $3,748 | $3,745 | $4,721 |
* 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.