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Discover an exceptional investment opportunity in the heart of Englewood, where TWO DISTINCT SINGLE-FAMILY HOMES sit on TWO separate parcels, offering unparalleled flexibility. Imagine living in one charming abode while generating income from the other, or maximizing your return by renting both. Should your plans evolve, these properties can be individually sold. Situated within a coveted location, you'll enjoy leisurely strolls to historic DEARBORN STREET only 4 blocks away, a vibrant hub brimming with cafes, restaurants, unique local shops, a lively jazz bar, bustling farmers markets, and exciting festivals. LAUNCH YOUR BOAT AND KAYAK with ease at Indian Mound park only a block away. The primary dwelling features two bedrooms and one bathroom, complemented by a spacious living room and a versatile family room that can easily transform into a third bedroom. An indoor laundry room, complete with a new full-size LG washer and dryer, and an additional utility room provide ample storage. New porcelain tile flooring flows throughout, accented by beautiful wood ceilings, designer fans and light fixtures, and an inviting electric fireplace in the living room. New sliding doors open to a private back patio, while two large sheds offer ideal spaces for workshops or storage for outdoor equipment. Peace of mind is ensured with a brand-new roof and soffits, completely updated plumbing and electrical systems, structural reinforcement with replacement beams, and professional pest eradication. New interior doors, new patio doors, new window in the second bedroom, and new bathroom window. Fresh paint inside and out, new blinds, and new laminate flooring in the washroom complete this exceptional home.
The second dwelling, a cozy one-bedroom, one-bathroom retreat, includes a carport currently utilized as an outdoor living space. New porcelain tile flooring, designer fans, and light fixtures, and a separate utility room, currently used as an additional bedroom, enhance its appeal. All-new plumbing and a complete electrical update. Enjoy a brand-new bathroom, an updated kitchen with new cabinets, countertops, and appliances. Fresh paint inside and out complements the new porcelain tile flooring and blinds. Relax on the lanai with a new railing, and benefit from the added bunkhouse, complete with electrical, a built-in bed, and a desk. The house is also equipped with an alarm system. A 10x16 shed provides extra storage, and washer and dryer hookups are conveniently located outside. NEW ROOF in 2019. Both homes showcase classic Old Florida style and are offered TURN-KEY FURNISHED, ready for immediate occupancy or rental. Situated on expansive lots, totaling nearly half an acre, these properties present a rare and lucrative opportunity.
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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$649,900
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 | $519,920 | $519,920 | $519,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.063% | 6.132% |
Monthly Tax Payment | $443 | $443 | $443 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,286 | $3,416 | $4,352 |
Total Monthly Payment | $3,821 | $3,951 | $4,887 |
* 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.