240 Colonia LANE E, Nokomis, FL, 34275 | $489,000

Under contract-accepting backup offers. Completely remolded duplex for sale in just blocks from the water in the boating and fishing community of beautiful Nokomis, Florida. This stunning property offers a rare opportunity for both homeowners and investors to take advantage of the tremendous tourism in this amazing city situated on the Gulf of Mexico. Just minutes away from the Nation’s most desired beaches, world class dining, shopping, many first rate medical facilities, an abundance of outdoor activity and some of the top schools in Florida.

The complete remodel included high quality wood simulated vinyl flooring, granite counter tops, can lighting, new downstairs air conditioner (upstairs air conditioner is less than 5 years old), new rain gutters, stainless steal appliances, complete kitchen and bathroom remodel, fresh paint on the interior and exterior, new patio deck (upstairs), impact windows in both the downstairs and upstairs units and much more. An amazing open floor plan was created in both units to allow for excellent entertaining opportunities or relaxing with family. New hurricane proof windows throughout the property allow an abundance of natural light.

Each unit within this duplex offers spacious and inviting living areas. With two (2) bedrooms and one (1) bathroom in each unit, there’s plenty space for both living and parking. The property accommodates 5 vehicles and has space for an RV as well. This is an excellent opportunity for long-term and short-term vacation rentals as well as an amazing property for seasonal vacationing for your entire family.

Outdoor living is one of the highlights of this duplex. Both the front and backyard of this property provide the perfect setting for activities such as family BBQs, outdoor entertainment or just relaxing with family and friends. There are two (2) separate outdoor laundry rooms for each unit with complete hook-up for a full sized washer and dryer. The laundry rooms also provide room for plenty of storage.

Whether you're looking to invest or to reside in one unit while renting out the other, this duplex presents a fantastic opportunity. Don't miss out on the chance to own this incredible property in one of Florida's desirable real estate market. It should also be noted that there is space to add on another studio apartment if this property is being considered for additional income potential.

Features

  • Units: 2
  • Lot Size: 77 x 90 x 26 x 52 x 104
  • Laundry: Laundry Room
  • Year Built: 1957
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,557
  • Acreage: 0.18
  • Lot Size: 77 x 90 x 26 x 52 x 104
  • Est. Taxes: $3,352
  • Lot Desc: In County, Near Public Transit
  • Elem. School: Laurel Nokomis Elementary
  • Middle School: Laurel Nokomis Middle
  • High School: Venice Senior High
  • Pet Policy: Yes
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator, Tankless Water Heater, Washer
  • Lease Terms: 12 Months
  • MLS#: A4616193
  • Days on Market: 86 days
  • Website: https://www.raveis.com
    /prop/A4616193/240colonialanee_nokomis_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/21/2024 8:32:07 PM)
Listing courtesy of MEDWAY REALTY   Phone: 941-375-2456

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NMLS Mortgage Loan Originator ID 16953

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240 Colonia LANE E, Nokomis, FL, 34275

$489,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $391,200 $391,200 $391,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.296%
Monthly Tax Payment $279 $279 $279
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,603 $2,600 $3,299
Total Monthly Payment $2,957 $2,954 $3,653

* 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.