UNIQUE opportunity to own a multi-family property situated on two large lots west of Hwy 41 and less than two miles to Nokomis Beach. There are two dwellings on the property which provide four rental incomes. One is a duplex with two, 1 bed, 1 bath units. Also on the property is a recently renovated 2 bed, 1 bath home with an adjacent efficiency unit which has also been updated and comes completely furnished. All of the units have separate electric meters and one water meter serves all four units. The county water bill is approx. $80 per month. Roof and AC units are newer and there is ample parking for all. The projected net income is $53,650 for 2025.
Subdivision:
NOKOMIS HEIGHTS
Heating:
Heat Pump, Wall Units / Window Unit
Cooling:
Central Air, Mini-Split Unit(s), Wall/Window Unit(s)
Utilities
Cable Connected, Electricity Connected, Sewer Connected, Water Connected
111 AVENIDA DE LA ISLA, Nokomis, FL, 34275
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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