Welcome to your new investment opportunity nestled in a quaint neighborhood of Bradenton! This captivating duplex offers two units, presenting various possibilities for both investors and homeowners alike. Newer AC's, fully renovated on one side with new appliances, 5 year old roof, and new laundry sets for both laundry rooms. The units boasts two spacious bedrooms and one well-appointed bathroom, as well as a separate laundry room for each unit, perfect for accommodating a growing family or providing ample space for roommates. While one unit is meticulously & thoughtfully renovated, the other unit needs minor updating to showcase it’s full potential. The renovated unit is rented until April 2025 for 1700 a month. The other side is rented on a month to month basis for 1400 a month. Both apartments provide comfortable living quarters and ample opportunity for potential rental income. Both units are also separately metered for electric, water, sewer and trash, which are the tenants responsibility. Situated in a convenient location. Enjoy easy access to transportation hubs, dining, shopping, parks, beaches and recreational facilities, enriching your lifestyle with unparalleled convenience and excitement. Whether you're an astute investor seeking to capitalize on rental income or a savvy homeowner looking to offset mortgage expenses, this duplex presents an incredible opportunity. Live in one home while leasing out the other or maximize your returns by renting out all the units - the choice is yours. Don't miss out on the chance to own this versatile property that promises both immediate rewards and long-term potential. Embrace the flexibility, convenience, and financial benefits that this duplex offers, and make it yours today! Your new home awaits!
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Our Executive Mortgage Banker:
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$369,999
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 | $295,999 | $295,999 | $295,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
Monthly Tax Payment | $193 | $193 | $193 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,920 | $1,895 | $2,458 |
Total Monthly Payment | $2,188 | $2,163 | $2,726 |
* 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.