Active

$559,000

Features:
  • 0 Bedrooms
  • 0 Bathrooms
  • 1159 sq ft
Overview
  • ID: MFRA4623939
  • Bedrooms: 0
  • Bathrooms: 0
  • Size: 1159 sq ft
Property Details
Remarks
*Price Improvement, Seller Motivated!* This home remained unaffected by recent storms, with all surrounding debris promptly removed. The exterior and decks have been professionally power washed, ensuring a clean, fresh look that’s ready for new owners to enjoy! Discover an exceptional multi-family duplex located in the heart of Sarasota, with a recent sale of a multifamily home on the same street, this property is attractively priced for the neighborhood, offering a unique opportunity to invest in a highly desirable area with proven market interest. This property is ideally situated on a peaceful two-lane cul-de-sac, featuring beautiful county maintained treed green space, making it perfect for both multi-family living and as a family home with a separate private entrance mother-in-law apartment. This duplex boasts numerous features including central air and heat, a new roof installed in 2021, PVC plumbing, and separate electric meters with upgraded panels. This property presents a remarkable investment opportunity with cap rate that is expected to improve in this high-demand rental neighborhood. The duplex features two distinct units. Unit 1 is a spacious 2 bedroom, showcasing natural red oak floors, Hunter Douglas Cellular Tech shades, and an updated bath complete with floor-to-ceiling porcelain tile, an Italian hand-painted pedestal sink, matching bidet, and a luxurious jetted tub. A discreet laundry closet is conveniently located opposite the bath. The designer chef’s kitchen features high-end stainless steel appliances, butcher block counters, and dramatic porcelain flooring, complemented by an adjacent pantry for added efficiency. Unit 2, a cozy 1 bedroom, feels larger due to its open design and large windows offering lush tropical views. This unit includes a separate driveway and private gated entry, along with a secluded outdoor patio. It features laminate flooring in the main room, floor-to-ceiling ceramic tile in the bath, and high-quality carpet in the bedroom, complete with an jetted tub. The utility lines are all underground, eliminating any overhead wire! Upgraded windows enhance both efficiency and aesthetics. The meticulously landscaped grounds are adorned with mature trees that provide luxurious shade and complete privacy thanks to the fenced yard. Additional outdoor amenities include photovoltaic lighting and separate driveways for generous off-street parking, along with a permitted 100 sq. ft. workshop/storage building with electric. Don’t miss this incredible opportunity to own a beautifully maintained multi-family property in a thriving neighborhood—schedule a showing today!
Financial Considerations
Price:
$559,000
HOA Fee:
N/A
Tax Amount:
$1057
Price per SqFt:
$482.31
Tax Legal Description:
LOT 11 BLK B HARBOR OAKS
Exterior Features
Lot Size:
9864
Lot Features:
Cul-De-Sac, Landscaped, Level, Street Dead-End, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Driveway, Ground Level, Off Street, Oversized, Parking Pad
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
0
Bathrooms:
0
Heating:
Central
Cooling:
Central Air
Appliances:
Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Ice Maker, Range, Range Hood, Refrigerator, Washer
Furnished:
Yes
Floor:
Carpet, Laminate, Tile, Wood
Levels:
One
Additional Features
Property Sub Type:
Duplex
Style:
N/A
Year Built:
1950
Construction Type:
Vinyl Siding, Wood Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Fence, Garden, Lighting, Private Mailbox, Rain Gutters, Storage
Additional Features 2:
buyer's responsibility to inquire with county.
Map
  • Address
    2116 PALM TER
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