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1824 Marcia STREET, Sarasota, FL, 34231 | $425,000
Discover an exceptional investment opportunity with this beautifully remodeled single-family with an attached mother in law suite with multifamily zoning in the heart of Sarasota. Live in one side and enjoy Income from the other or rent out both sides for a great cash-flowing investment. Situated in a prime location, this property features two distinct units, each thoughtfully upgraded to offer modern comforts and style. Close to Siesta Key and Casey Key. Property Highlights: Unit 1: Spacious 2 Bedrooms, 1 Bathroom 850 square feetEnjoy the elegance of quartz countertops and new tile flooring throughout. The newly renovated bathroom features contemporary fixtures and finishes. Unit 2: Efficiency Unit 300 square feet with Full Kitchen and BathroomPerfect for additional rental income or as a versatile living space. Includes a full kitchen with quartz countertops and a complete bathroom. Additional Features: Brand New Roof: Ensures durability and peace of mind for years to come. New Tile Flooring: Installed in both units for a fresh, modern look. Zoned Multifamily: Ideal for continued rental use or future expansion. Investment Potential: This property boasts an excellent cash flow opportunity, making it a savvy choice for investors looking to maximize returns. With its updated features and prime location, 1824 Marcia St stands out in the Sarasota rental market. Location: Conveniently located near local amenities, schools, and parks, this property offers easy access to everything Sarasota has to offer.
Features
- Rooms: 3
- Bedrooms: 2
- Baths: 2 full
- Laundry: Laundry Closet
- Year Built: 1959
- Heating: Central
- Cooling: Central Air
- Approx Sq. Feet: 1,094
- Acreage: 0.17
- Est. Taxes: $706
- Pet Policy: Yes
- Appliances: Range, Range Hood, Refrigerator
- MLS#: A4623661
- Days on Market: 1 day
- Website: https://www.raveis.com
/prop/A4623661/1824marciastreet_sarasota_fl?source=qrflyer
Listing courtesy of SAVVY AVENUE, LLC Phone: 888-490-1268
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
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
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1824 Marcia STREET, Sarasota, FL, 34231
$425,000
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 | $340,000 | $340,000 | $340,000 |
| 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 | $59 | $59 | $59 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,066 | $2,066 | $2,687 |
| Total Monthly Payment | $2,200 | $2,200 | $2,821 |
* 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