3403 16th STREET E, Bradenton, FL, 34208 | $395,000

Double Down on Your Investment: Bradenton Duplex with Immediate Income and Growth Potential! This captivating duplex offers the perfect opportunity to secure your financial future with immediate income and exciting growth potential. This property has two separate units, currently leased month-to-month, generating a steady cash flow from day one. Beyond the immediate income, this duplex minimizes ongoing expenses. There are NO HOA fees to contend with, and the flood zone X designation ensures peace of mind from potential flood insurance costs. Furthermore, the property has undergone recent upgrades with a BRAND-NEW roof, a NEW water heater, and newer appliances in both units, reducing maintenance concerns and increasing tenant appeal. The flexibility this duplex offers caters to a variety of investment strategies. Live comfortably in one unit while generating income from the other, or maximize your return by renting out both units. The desirable location, just blocks from restaurants, schools, and Glazier-Gates & Lewis Park, ensures a steady stream of potential tenants seeking a convenient and comfortable living space. This Bradenton duplex presents a rare opportunity to acquire a stable income property with significant growth potential. Whether you're a seasoned investor seeking to expand your portfolio or an owner-occupant looking to offset housing costs, this property offers a compelling solution. Don't miss out on this chance to invest in your future – contact us today to schedule a showing!

Features

  • Units: 2
  • Lot Size: 110 x 109
  • Laundry: None
  • Year Built: 1949
  • Garage: 1-car
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,864
  • Acreage: 0.28
  • Lot Size: 110 x 109
  • Est. Taxes: $3,989
  • Elem. School: Samoset Elementary
  • Middle School: Martha B. King Middle
  • High School: Southeast High
  • MLS#: A4603690
  • Days on Market: 201 days
  • Website: https://www.raveis.com
    /prop/A4603690/340316thstreete_bradenton_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 11/8/2024 3:32:08 PM)
Listing courtesy of KELLER WILLIAMS REALTY SELECT   Phone: 941-556-0500

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888.699.8876

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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
  • 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
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@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

3403 16th STREET E, Bradenton, FL, 34208

$395,000

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 $316,000 $316,000 $316,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.875% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.551% 7.042% 6.160%
Monthly Tax Payment $332 $332 $332
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,102 $2,076 $2,665
Total Monthly Payment $2,509 $2,483 $3,072

* 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.