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Located in the heart of coastal Nokomis, this 2 bedroom, 1 bathroom single-wide mobile home presents a rare chance to secure a property with strong investment potential in one of Southwest Florida’s most desirable areas. Just minutes from Venice Beach, Sharky's on the Pier, and Historic Downtown Venice, this property offers an ideal setting for a seasonal retreat, rental income, or future redevelopment. The current structure has been maintained and features a functional layout with an extended living area, a kitchen with a convenient breakfast bar, and a hallway that leads to two bedrooms and a full bathroom. The enclosed carport has been transformed into a garage with a dedicated laundry and storage area, offering added flexibility for use or conversion. The lot itself provides plenty of room for outdoor enjoyment or expansion, with no association fees or deed restrictions. Whether you choose to renovate, rebuild, or rent, this property offers the freedom to create value your way. There is also an RV on site that is available for separate purchase, offering additional flexibility for use or future rental income. This location is ideal for those who want to enjoy the charm and convenience of the Gulf Coast lifestyle. You’re a short drive to Venice Beach and the lively Historic Downtown Venice filled with dining, boutique shopping, farmers markets, and cultural events. Wellen Park and CoolToday Park are also nearby, offering year-round activities, spring training baseball, and new shopping and waterfront dining destinations. Additionally, adjacent Lot 110 (MLS #A4649828) is available for separate purchase or can be bundled as a packaged deal. This offers a unique opportunity to expand your investment footprint, live in one and rent the other, or build two income-producing properties just moments from the coast.
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Our Executive Mortgage Banker:
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$160,000
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 | $128,000 | $128,000 | $128,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.944% | 7.025% | 6.046% |
Monthly Tax Payment | $56 | $56 | $56 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $788 | $841 | $1,063 |
Total Monthly Payment | $919 | $972 | $1,194 |
* 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.