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* Huge Price Reduction* Great Buy and Hold opportunity. This Duplex is currently rented by room and shared common areas. Each side features 2 bedrooms and 1 bathroom, however, the larger unit also features an additional 1/2 bath. The interior of the Duplex, needs full interior. One unit needs subfloor repair, and the mini splits were removed and need to be replaced. There is only 1 electric meter, so that will need to be split as well. No seller financing. CASH only. If you need more info, go to Manatee County Property Appraisers Website to find out more and get the floor plan and confirm the permitted roof is 2020. Please do not disturb TENANTS! Agent must accompany showings. Drive by welcome, Serious buyers only. There are 2 current leases, the bigger unit lease is up 3/1/2026 and the smaller unit lease is up 11. 1. 2025. Smaller unit has a kitchenette only. Current rent collected is $950. 00 /month
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William Raveis Real Estate
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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 | $152,000 | $152,000 | $152,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.050% | 6.132% |
Monthly Tax Payment | $186 | $186 | $186 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $948 | $999 | $1,272 |
Total Monthly Payment | $1,209 | $1,260 | $1,533 |
* 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.