PRIVATE SOUTH VENICE FIXER-UPPER NEAR THE PRESERVE - NO HOA, VERY MOTIVATED SELLER!!!
This is the ultimate investor’s dream - a true diamond in the rough! Situated in a fantastic neighborhood and poised for significant appreciation post-renovation, this house was built on a triple lot. Featuring 3 bedrooms, 2 bathrooms, and 2, 116 SF of living space, this home has fantastic potential due to its size and location.
Cleaned, primed, and ready to go —> come build your dream kitchen and configure this layout to work for you! Seller also significantly cleaned up the lot by removing trees and other overgrown foliage.
Just minutes away from Venice Beach and Manasota Key Beach, this property is so beautiful and abuts the South Venice Lemon Bay Preserve. This property represents a unique opportunity for a visionary investor to transform a fixer-upper into a lucrative investment. With a comparatively low entry price, the margin for profit post-renovation is substantial in the Venice market. Ideal for those looking to flip and sell, or to fix and create the ideal short-term/long-term rental property for your portfolio. Don’t miss out on this rare opportunity to turn vision into value!!
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $263,200 | $263,200 | $263,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 5.990% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.470% | 6.161% | 5.248% |
Monthly Tax Payment | $353 | $353 | $353 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,599 | $1,576 | $2,080 |
Total Monthly Payment | $2,027 | $2,004 | $2,508 |
* 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.