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Under contract-accepting backup offers. Prime Bradenton Duplex: Investment Opportunity with New Roof and High Rental Potential! Discover a prime investment opportunity with this spacious duplex, ideally located in the heart of Bradenton, Florida. Built in 1972, this well-maintained property offers a total of 1, 974 sqft of air-conditioned living space, divided into two distinct units. With a new roof installed in May 2024, this duplex is a ready-to-go investment, ensuring peace of mind for years to come. The larger unit features 3 bedrooms and 2 bathrooms, perfect for accommodating a family or multiple tenants. It includes a convenient carport for one car, providing sheltered parking. The second unit is a comfortable 2-bedroom, 2-bathroom space, making it an ideal rental option for couples or small families. Located just off US-41, this duplex is within close proximity to a wealth of amenities. Enjoy the convenience of nearby shopping centers, restaurants, and entertainment options. The property is also a short drive from the beautiful beaches of Bradenton and Anna Maria Island, offering endless opportunities for leisure and relaxation. Both units feature fenced backyards, providing privacy and outdoor space for tenants. The property's strategic location ensures high rental demand, with easy access to the State College of Florida, IMG Academy, and Sarasota Airport. This makes it an attractive option for students, professionals, and frequent travelers alike. This duplex offers a unique chance to generate rental income while living in one unit or managing both as rental properties. With no deed restrictions or HOA fees, investors can enjoy flexibility and control over their investment. Don't miss out on this exceptional opportunity to own a versatile and income-producing property in a thriving area. Explore the potential of this fantastic duplex!
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William Raveis Real Estate
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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 | $327,920 | $327,920 | $327,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.815% | 7.159% | 6.538% |
Monthly Tax Payment | $328 | $328 | $328 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,182 | $2,179 | $2,812 |
Total Monthly Payment | $2,585 | $2,582 | $3,215 |
* 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.