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3939 Groveland AVENUE, Sarasota, FL, 34231 | $675,000
Under contract-accepting backup offers. Discover a golden opportunity in the heart of Sarasota with this newly listed multi-family property. This charming updated duplex offers four bedrooms and three bathrooms, providing ample space for comfortable living and a smart investment.
With 3, 000 square feet of interior space, this property presents a unique chance for savvy investors or those seeking to offset their mortgage through rental income. Unit A-1500 sq ft 2 beds and 2 bath, Unit B -1500 sq ft 2 beds and 2 bath. The dual-unit setup allows for flexible living arrangements, whether you choose to occupy one unit and rent out the other or maximize your returns by leasing both.
This property features Vaulted ceilings, Beautiful landscaped yard, extended paver driveway, paver patios screened lanais with ceiling fans. The right side of the duplex will come furnished and fully equipped for rentals. Fresh Exterior Paint 2024!
Situated in a desirable neighborhood, this duplex benefits from its proximity to various amenities. Just a short distance away, you'll find the A Rated Schools, offering educational opportunities for families in the area.
When it comes to daily necessities, look no further than Trader Joes, Publix, Walmart, located within easy reach. This proximity to grocery shopping adds an extra layer of convenience for both residents and potential tenants.
For outdoor enthusiasts and Beach lovers, Siesta Key is just a short drive away. This nearby Beaches provides a perfect setting for leisurely walks, picnics, or simply unwinding amidst best beaches Lido and Siesta Key .
The property's location strikes an ideal balance between residential tranquility and urban accessibility. Its position in Sarasota offers residents the best of both worlds – a peaceful retreat with easy access to the city's vibrant amenities and attractions.
Investors will appreciate the potential for steady rental income, given the property's desirable location and the area's strong rental market. The duplex format allows for diversified income streams, providing a buffer against vacancy periods.
Don't miss this chance to own a piece of Sarasota real estate that combines practicality with profit potential. Whether you're looking for a home with income-generating capabilities or a pure investment property, this duplex ticks all the boxes. Schedule a viewing today and take the first step towards your real estate goals in one of Florida's most sought-after communities.
Features
- Units: 2
- Lot Size: 50 x 144
- Laundry: Inside
- Year Built: 1959
- Garage: Driveway
- Heating: Central
- Cooling: Central Air
- Approx Sq. Feet: 2,458
- Acreage: 0.4
- Lot Size: 50 x 144
- Est. Taxes: $4,937
- Lot Desc: Landscaped
- Elem. School: Wilkinson Elementary
- Middle School: Brookside Middle
- High School: Riverview High
- Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- MLS#: N6134366
- Days on Market: 7 days
- Website: https://www.raveis.com
/prop/N6134366/3939grovelandavenue_sarasota_fl?source=qrflyer
Listing courtesy of RE/MAX ALLIANCE GROUP Phone: 941-954-5454
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Florida Insurance TeamInsurance Sales Director, William Raveis Insurance
561.704.7334
FLInsure@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
3939 Groveland AVENUE, Sarasota, FL, 34231
$675,000
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
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $540,000 | $540,000 | $540,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
| Monthly Tax Payment | $411 | $411 | $411 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,281 | $3,281 | $4,267 |
| Total Monthly Payment | $3,784 | $3,784 | $4,770 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388