Unique Investment Opportunity! Come see your new Home(s), a rare and versatile multi-family property on an expansive 1. 0044-acre lot featuring not one, but 2 updated single-family homes currently staged as 3 units with a Pool. This property is perfect for those seeking a multi-generational living arrangement, a rental income opportunity, or simply the luxury of extra space.
Both homes have been thoughtfully updated with modern amenities while preserving their unique charm, offering comfortable and stylish living spaces. Nestled on a tranquil, spacious lot, these homes enjoy the privacy and serenity that only a larger property can provide, with room for gardens, outdoor recreation, or even future expansion.
This property includes 3 units, an Acre of land in Sarasota West of I-75, an in-ground pool, above ground hot tub spa, shed with electricity perfect for any workshop, reverse osmosis water filtration under the sink, granite countertops, luxury vinyl plank flooring, stainless steel appliances, French doors, tropical landscaping, and full fencing.
The property is located near the world famous Nathan Benderson Park where Olympic rowers train and numerous recreational activities, UTC mall and shops, easy access to the interstate, the world famous Siesta Key and Lido Beach, SRQ Airport, top rated restaurants, Trader Joe’s, Sam’s Club, Lowe’s, and an undeniable central location with a perfect blend of city life and natural beauty. Pleasant Acres is a quiet dead end street with highly sought after, rarely available homes.
This is a fantastic investment for those looking to maximize their property’s potential. Discover the possibilities at 1518 Stoeber Ave today, and get two homes for an incredible value!
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Our Executive Mortgage Banker:
Our Insurance Division:
$950,000
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 | $760,000 | $760,000 | $760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.606% | 6.622% | 6.680% |
Monthly Tax Payment | $524 | $524 | $524 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,929 | $4,804 | $6,620 |
Total Monthly Payment | $5,545 | $5,420 | $7,236 |
* 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.