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Investor Opportunity! Just a short walk or bike ride to the beach, this rare Nokomis property offers the ultimate blend of location, flexibility, and income potential. Situated on over a quarter acre in a quiet coastal neighborhood with no HOA, no deed restrictions, and not located in a flood zone, this is your chance to secure a high-demand rental property with minimal limitations.
Featuring three turn-key beach bungalows, each with its own private outdoor space and mini-split AC system, this setup provides immediate rental appeal. Whether you're seeking short-term, seasonal, or long-term tenants, or looking to occupy one unit while generating income from the others, the layout supports a variety of investment strategies.
This property has been meticulously maintained by only two owners since the 1950s, with key updates including both buildings being reroofed in 2020, HVAC updates to the double unit structure in 2018, and updates to the HVAC on the separate bungalow in 2024. Additional improvements include select updated plumbing fixtures, a new electric panel in 2024, and new internet/cable wiring to the double unit structure, offering modern comfort and ease of management.
The spacious yard not only enhances tenant experience and curb appeal, but also offers ample room to park your golf cart, boat, RV, or other large toys—a huge bonus in a beachside community. A large shed provides even more storage for tools or owner supplies, and tenants have previously covered utility expenses beyond a set threshold, increasing the property’s efficiency as a cash-flowing asset.
Located between Sarasota and Venice, this beachside location is a major draw for renters and vacationers alike—offering easy access to Nokomis Beach, North Jetty Park, and a variety of local waterfront dining and entertainment.
Whether you're growing your portfolio or stepping into your first income-producing property, 810 Channel Acres Rd is a rare find in a thriving coastal market. Don’t miss out on this incredible opportunity! ¤ Please see 3D Tour and Video ¤
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William Raveis Mortgage, LLC
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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 | $540,000 | $540,000 | $540,000 |
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% | 7.037% | 6.152% |
Monthly Tax Payment | $319 | $319 | $319 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,369 | $3,547 | $4,520 |
Total Monthly Payment | $3,780 | $3,958 | $4,931 |
* 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.