SOLD AS IS! INVESTMENT OPPORTUNITY! DEEDED BEACH ACCESS. Quadruplex, offering the perfect blend of modern comfort and 'old Florida' charm. Previously updated in 2017, these 4 units totaling 7 Bedrooms + 5 Bathrooms with hurricane impact windows. Metal roof, drop ceiling for A/C in lower units, spray foam insulation. Pelican Perch is a 2 bed 2 bath UPSTAIRS unit that can be lived in while remodeling. The beautiful original terrazzo flooring of the bottom front units was preserved. The upstairs unit is a turnkey property and comes fully furnished with linens, dishes, toiletries, TVs in all rooms, appliances, coffee maker. All lower-level units will need to be remodeled. Some of the outdoor patio furniture and surfboard showers remain. Located in a charming, laid-back beach town with no fast-food chains or traffic lights in sight, this quadruplex offers the perfect escape for families, couples, or groups of friends. Enjoy breathtaking sunrises over Lemon Bay in the morning and vibrant, colorful sunsets over the Gulf of Mexico in the evening. Manasota Key’s pristine white-sand beaches invite exploration, and adventures in nature await with bikes, kayaks, or paddleboards that are provided onsite. All lower units have been flooded.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,100,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $880,000 | $880,000 | $880,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $1,225 | $1,225 | $1,225 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,708 | $5,635 | $7,726 |
Total Monthly Payment | $7,058 | $6,985 | $9,076 |
* 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.