Excellent investment opportunity in Sarasota County. Two units 2-Bedrooms and 1-bathroom each, in this very well situated Duplex. Only 15-minutes drive to Downtown Sarasota, 3 min drive to I-75 highway and 30min to famous Siesta Key beautiful beaches. Start receiving income as soon as you close as this property is currently Tenant-occupied. Currently paying lower than market price rent since they are long time Tenants, who can stay, or leave the units. Waiting for rent roll from owner, but should be able to get as needed. This is an excellent opportunity of getting a fair priced property with lots of potential to produce more than currently producing income. Location is very convenient and with lots of potential for future further improvement.
840 Hand Ave, Sarasota, FL, 34232
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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