Explore the epitome of commercial versatility and residential charm in this mixed-use property centrally located in the heart of Anna Maria Island. Located within moments of pristine beaches, tantalizing dining spots, and vibrant shopping destinations, this property promises a strategic and coveted location. Ascend to the upper level to discover two inviting annual rentals, each featuring 2 bedrooms, 1 bathroom, and expansive wrap-around porches. Unit B, facing the street, boasts modern updates, while Unit A, tucked away at the rear, offers a serene retreat. Whether residents are unwinding on the porch or indulging in local delights, these rentals provide a cozy haven. On the lower level, an oversized garage offers ample storage space, complemented by versatile office areas suitable for various business endeavors. Vinyl fencing encloses the property, ensuring privacy while enhancing its aesthetic appeal. Recent updates include a roof replacement in 2018, ensuring durability and peace of mind, along with ductwork replacement on side A in 2023 for enhanced efficiency. Additionally, the property underwent tenting for pest control in March 2023, while Unit A received a fresh coat of paint, revitalizing its allure. This property presents an enticing investment opportunity, allowing for a thriving business downstairs while leasing both upper units annually to maximize income potential. Whether you're an astute investor or an aspiring entrepreneur, this property invites you to seize the chance to own a slice of Holmes Beach's charm. Don't miss out on this exceptional opportunity!
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$1,195,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $956,000 | $956,000 | $956,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $893 | $893 | $893 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,121 | $6,121 | $8,394 |
Total Monthly Payment | $7,139 | $7,139 | $9,412 |
* 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.