Discover this rare Venice Island Duplex, a perfect investment or multi-generational living opportunity. Located in a peaceful and friendly neighborhood, this charming property is just blocks from everything Venice has to offer, including the historic downtown, beautiful beaches, boutique shops, and fabulous dining. The property features public water and sewer with separate meters for each unit. Each unit includes 2 bedrooms and 2 full baths, with the 416 Narvaezi unit offering a cozy screened lanai, while the 414 Narvaezi unit boasts a bright, enclosed Florida Room. Both units are enhanced by large paver patios in the front and back, ideal for relaxing or entertaining. With no HOA fees, this property is an exceptional find. This prime location is only three blocks from downtown Venice and five blocks to Venice Beach. It is situated near Prentiss French Park, which offers a playground and walking path, as well as tennis, basketball, and shuffleboard courts. You are also just steps away from Venice Theatre, Centennial Park, and its interactive fountain. Whether you are seeking an income-producing property, a second home, or a residence close to it all, this duplex delivers the ultimate Venice Island lifestyle.
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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 | $652,000 | $652,000 | $652,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.375% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.209% | 6.498% | 6.579% |
Monthly Tax Payment | $613 | $613 | $613 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,175 | $4,068 | $5,635 |
Total Monthly Payment | $4,880 | $4,773 | $6,340 |
* 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.