Under contract-accepting backup offers. Excellent opportunity to own an income producing property in the heart of Englewood. The total heated square footage of the building is 2088 sq ft giving each unit over 1, 000 sq ft. Each unit; has an oversized covered carport (20' x 19') with plenty of space to park a vehicle and or create a seating area, spacious private back screened lanais, indoor laundry area, main bedroom with ensuite bathroom, 2nd bedroom and guest bathroom. 2019 Roof, 2015 A/C Units and NO FLOOD INSURANCE required ( X Flood Zone). Unit A will be turnkey including washer and dryer for immediate rent. Unit A has a small fiberglass jetted lounging pool (130 sq ft) enclosed in a wood fence in the back corner of Unit A. Unit B will not be furnished and will not have a washer and dryer. Nice bonus. . . . there is a shed (12' x 18") in the back corner of Unit B's backyard. The shed can be utilized as a workshop and for extra storage. The shed has has new flooring and wiring. The duplex is centrally located in Englewood with close proximity to the Englewood Beaches, Stump Pass, Dearborn Street, Manasota Key, Cape Haze walking trails and public boat ramps/parts, live entertainment, world class fishing, golfing and restaruants.
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Our Executive Mortgage Banker:
Our Insurance Division:
$450,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $360,000 | $360,000 | $360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.011% | 7.171% | 6.538% |
Monthly Tax Payment | $459 | $459 | $459 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,486 | $2,393 | $3,087 |
Total Monthly Payment | $3,019 | $2,926 | $3,620 |
* 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.