INVESTOR ALERT: Now is your opportunity to invest on Manasota Key. Live in the top unit and restore the bottom units. Thes units are now being sold "AS IS". Offered here separately is a Quadruplex. Two of the units with 2 bed and 2 bathrooms. The other two units with 1 bed 1 bath. The top units were unaffected by the storm and are updated, and fully furnished. This is a rare chance for investors looking to expand their real estate portfolio on picturesque Manasota Key. The property is also being offered as a package sale which includes 1288 Shore View Drive, 1290 Shore View Drive and 1410 Gulf Blvd, (reference MLS# N6134497) which would include a total of 15 units. One Fourplex, one Fiveplex, and one Sixplex. With 17 bedrooms, 2 studios, 19 bathrooms. Located in a peaceful, laid-back beach town with no fast-food chains or traffic lights, this property offers the perfect retreat for families, couples, or groups of friends. Experience stunning sunrises over Lemon Bay and vibrant sunsets over the Gulf of Mexico. The pristine white-sand beaches of Manasota Key are just moments away, offering endless opportunities for exploration. Local restaurants offering fresh seafood and live music complete the experience, making this property the ultimate slice of paradise.
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,280,000 | $1,280,000 | $1,280,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.394% | 6.876% | 6.830% |
Monthly Tax Payment | $1,389 | $1,389 | $1,389 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,302 | $8,302 | $11,238 |
Total Monthly Payment | $9,816 | $9,816 | $12,752 |
* 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.