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Beautifully Large Duplex with Income Potential – 121 & 123 Granada Blvd, North Port, FL 34287 6 beds | 2 baths | 2, 304 sq ft | 7, 534 sq ft lot | Zoned RMF-1 | No HOA| Not in Flood Zone
This is a rare opportunity to own a spacious and income-generating duplex in one of North Port’s most desirable neighborhoods—Warm Mineral Springs. With 2, 304 square feet of living space on a 7, 534 square foot lot, this duplex combines long-term investment value with comfortable living. The property features two large 3-bedroom, 1-bath units (plus 1 unit has 1 shower and the other half bath), each with a private entrance, central air, and separate electric meters. One side offering a move-in-ready residence ideal for a homeowner, seasonal occupant, or short-term rental. Modern kitchen, bathroom and a separate shower, luxury vinyl plank flooring, interior paint in Benjamin Moore’s Chantilly Lace, and GFCI outlets throughout. The other unit is currently occupied by a long-term tenant, providing immediate and stable rental income. Tenant-occupied unit is in good condition; seller is happy to provide interior photos upon request. Tenants pay their own electricity, and with well and septic systems, overall utility costs are low.
Roof replaced in 2017, offering peace of mind for years to come.
Additional features include: • Private driveway parking for each unit • Ceiling fans throughout • Inside laundry • No HOA or deed restrictions—pets are welcome • One-story layout with slab foundation • Located outside flood zones.
This property is ideally situated near schools, parks, shopping, beaches, and the famous Warm Mineral Springs, making it an excellent choice for homeowners and investors alike.
Property details: Year built: 1978; Total square footage: 2, 304 Lot size: 7, 534 sq ft (75 x 100); Cooling/heating: Central air and heat; Water/sewer: Well and septic; Parking: Driveway; Open Schools: Garden Elementary, SKY Academy Englewood, Venice Senior; High Zoning: RMF-1
Don’t miss out on this exceptional opportunity to own a move-in-ready duplex with immediate rental income in a growing and high-demand location.
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William Raveis Mortgage, LLC
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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $359,200 | $359,200 | $359,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.322% | 6.156% | 5.415% |
| Monthly Tax Payment | $394 | $394 | $394 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,068 | $2,151 | $2,864 |
| Total Monthly Payment | $2,537 | $2,620 | $3,333 |
* 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.