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Well maintained, block construction duplex featuring two bedrooms and one full bathroom in each unit. This duplex is on a large 1/3 acre parcel that has an administrative determination from Manatee County that would allow lot to be split: the new owner can build additional house! Both units of duplex are leased through July 2024 which provides new owner cash flow from Day 1. Duplex has new roof 2023 with third nail in place for better insurance rates; separate electric meters with new electric panel in Unit A in 2023 and Unit B in 2022; new hot and cold water lines supplied to both units 2020; Unit B has new 2023 craftsman cabinets, counter tops, backsplash & stainless appliances; bathroom updates in both units 2023; new interior paint both units 2023 and some new doors; new HVAC Unit B 2020; new condenser Unit A 2023. Higher-end washers and dryers new in 2023 located in attached laundry room for each unit. Large Storage Shed for Unit A with new roof (wood underlay and shingles) 2023. Unit A has screened front porch. Duplex has six new ceiling-light fans with remotes and remote holders permanently affixed. Back portion of lot is fully fenced with 5' Chain link fence that has a 10' double-gate opening. Convenient in-town location that is 23 minute drive to Gulf Coast Beaches making this perfect for short term and long term investors. NO HOA!!!
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Our Executive Mortgage Banker:
Our Insurance Division:
$399,990
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 | $319,992 | $319,992 | $319,992 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.737% | 7.055% | 6.120% |
Monthly Tax Payment | $231 | $231 | $231 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,075 | $2,102 | $2,679 |
Total Monthly Payment | $2,381 | $2,408 | $2,985 |
* 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.