2305 Mango AVENUE, Sarasota, FL, 34234 | $1,200,000

OPPORTUNITY KNOCKS!! CALLING ALL INVESTORS!! This Property is located in an area that allows Affordable Housing Homes to be built. It is being sold along with 4 other connected lots which once combined will allow up to 15 Units to be built and leased (According to the Sarasota County Zoning Department). It is Centrally Located with easy access to Downtown Sarasota, Gulf Beaches, and the UTC. There are plenty of Restaurants and Shopping Centers nearby, along with the Orioles Spring Training Baseball Stadium just a few blocks away! The following 4 parcels are included with this sale: By PID# 0043-05-0006, 0043-05-0007, 0043-05-0009, 0043-05-0011. The TOTAL ACREAGE is almost . 86 Acres. Ready for you to build your next Investment Property. There are 2 separate houses on these lots right now that are rented with tenants in place generating $3, 800 per month. Make an Appointment to see this Property Today!

Features

  • Rooms: 3
  • Bedrooms: 2
  • Baths: 1 full
  • Year Built: 1959
  • Heating: Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,030
  • Acreage: 0.22
  • Est. Taxes: $1,509
  • Elem. School: Emma E. Booker Elementary
  • Middle School: Booker Middle
  • High School: Sarasota High
  • Appliances: Electric Water Heater, Range, Refrigerator
  • MLS#: A4589332
  • Days on Market: 181 days
  • Website: https://www.raveis.com
    /eprop/A4589332/2305mangoavenue_sarasota_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/14/2024 5:09:30 AM)
Listing courtesy of KELLER WILLIAMS REALTY SELECT   Phone: 941-556-0500

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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2305 Mango AVENUE, Sarasota, FL, 34234

$1,200,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $960,000 $960,000 $960,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.875% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.877% 6.977% 7.041%
Monthly Tax Payment $126 $126 $126
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,549 $6,307 $8,562
Total Monthly Payment $6,800 $6,558 $8,813

* 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.