*** MANASOTA KEY DUPLEX WITH DEEDED BEACH ACCESS - FLOOD AND WIND DAMAGE FORCES SALE *** Own a piece of the FLORIDA DREAM while generating income. This PRIME 50' x 100' PARCEL contains a 2 BED / 2 BATH unit (back unit) plus a 1 BED / 1 BATH (front unit) concrete block structure DIRECTLY ACROSS FROM THE BEACH and just a short walk to STUMP PASS BEACH STATE PARK where you can enjoy superb canoeing/kayaking, fishing, beautiful nature trails, and of course - world class shelling. Inside this structure, visibly effected dry-wall has been removed and a blank pallet is now presented. Previous photos displayed so you can get an idea of what the property might look like once restored. RENOVATE OR BUILD NEW? KEEP ONE UNIT FOR PERSONAL USE AND RENT OUT THE OTHER UNIT? Lots of opportunity to create something VERY SPECIAL for yourself here. Close to Manasota Key restaurants, bars, and shops. Manasota Key is one of the BEST KEPT SECRETS IN SW FLORIDA - a tropical barrier island nestled between Sarasota and Fort Myers on the Gulf of Mexico. Airports nearby include Tampa International (TPA-99 mi), Sarasota International (SRQ-47 mi), Punta Gorda (PGD-31 mi) and Fort Myers (RSW-70 mi). THIS PROPERTY IS AN ABSOLUTE MUST SEE FOR BEACH LOVING BARGAIN HUNTERS!
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $504,000 | $504,000 | $504,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.278% | 7.159% | 6.276% |
Monthly Tax Payment | $756 | $756 | $756 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,311 | $3,350 | $4,250 |
Total Monthly Payment | $4,159 | $4,198 | $5,098 |
* 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.