Welcome to “Tres Casas”, a delightful multi-unit property set West of the Trail and just a block from Sarasota Bay and Phillippi Estate Park! You get three for the price of one, as the property houses a legal triplex offering a variety of possible uses for today’s savvy buyers. The main home has been completely remodeled and offers over 1, 700 Sq. Ft. of living space with 3 beds, 2 baths, a beautiful kitchen, open living space, extra family room, impact windows, and a wonderful screened-in pool with peek-a-boo views of Sarasota Bay! Setback and on the property, lies a two-story guest house which consists of two large studio apartments with the second story having a large balcony with views of Sarasota Bay. The duplex has its own private separate driveway, making the guest house hardly noticeable to the primary home. The oversized property consists of two lots combined and equalling almost 15, 000 Sq. Ft. as are most other properties in the neighborhood giving a peaceful and relaxed vibe to the area. Many new homes are being built in the neighborhood increasing the value and beauty of the community. If you’re looking for multi-generational living or need a home office, art studio, and or guest house, look no further as this residence provides limitless possibilities. To keep your bills low, live in the main house and rent out the other two units for great passive income. The owner currently has all three units for rent on a month-to-month basis, and is willing to sell it turnkey-furnished, making this a great investment property. Best of all, the location is outstanding as you’re just 1. 5 miles to the beach, 1 block to Phillippi Estate Park with it’s 60 acres of trails, and just 1 block to established shops and restaurants with more coming! You or your guests will enjoy amazing sunsets from your back lanai all while knowing you have secured one of the best income producing properties in Sarasota.
Make sure to check out the Virtual Tour!
https: //youtu. be/FxKncrVeOJs?si=kdcfVVF3mhRkiJZh
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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 | $900,000 | $900,000 | $900,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.250% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.371% | 6.372% | 6.182% |
Monthly Tax Payment | $623 | $623 | $623 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,541 | $5,541 | $7,595 |
Total Monthly Payment | $6,289 | $6,289 | $8,343 |
* 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.