This Updated Duplex at 2370 Leon Ave in Sarasota Presents a Fantastic Investment Opportunity. . . with Both Units Recently Vacated and Ready for New Tenants. . . Each Spacious 3-Bedroom, 2-Bathroom Unit Features a Modern Layout, Ample Living Space, and Fully Equipped Kitchens. . . Located in the Vibrant City of Sarasota, This Property Offers Easy Access to Sarasota's Renowned Beaches, Cultural Attractions, and Outdoor Activities, Just Minutes to Downtown, Sarasota Bradenton International Airport, the Ringling Museum, and Endless Shopping at UTC Mall, Making It a Highly Desirable Location for Tenants. . . Sarasota is Known for Its Beautiful Waterfront, World-Class Dining, Arts Scene, and Top-Rated Schools, Offering a Unique Blend of Urban Convenience and Natural Beauty. . . Both Units Have Separate Entrances and Utilities for Tenant Privacy and Convenience, Along with Off-Street Parking. . . Recent Upgrades to Plumbing, Electrical, and Flooring Ensure Minimal Maintenance, Making This Duplex a Great Option for Investors or Homeowners Seeking Rental Income. . . With Sarasota's Strong Rental Market and Growing Demand for Housing, This is an Incredible Opportunity You Won’t Want to Miss!
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$395,000
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 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** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.339% | 7.017% | 6.120% |
Monthly Tax Payment | $252 | $252 | $252 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,076 | $2,076 | $2,645 |
Total Monthly Payment | $2,403 | $2,403 | $2,972 |
* 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.