2116 Palm Terrace, SARASOTA, FL 34231
Property Photos
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Priced at Only: $559,000
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Address: 2116 Palm Terrace, SARASOTA, FL 34231
Property Location and Similar Properties
- MLS#: A4623939 ( Residential Income )
- Street Address: 2116 Palm Terrace
- Viewed: 1
- Price: $559,000
- Price sqft: $482
- Waterfront: No
- Year Built: 1950
- Bldg sqft: 1159
- Days On Market: 102
- Additional Information
- Geolocation: 27.2908 / -82.5279
- County: SARASOTA
- City: SARASOTA
- Zipcode: 34231
- Subdivision: Harbor Oaks
- Elementary School: Phillippi Shores Elementary
- Middle School: Brookside Middle
- High School: Riverview High
- Provided by: SHOWTIME REALTY
- Contact: Melissa Godio
- 941-822-0890
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Description*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 thats 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 chefs 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. Dont miss this incredible opportunity to own a beautifully maintained multi family property in a thriving neighborhoodschedule a showing today!
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Features
Building and Construction
- Covered Spaces: 0.00
- Exterior Features: Fence, Garden, Lighting, Private Mailbox, Rain Gutters, Storage
- Flooring: Carpet, Laminate, Tile, Wood
- Living Area: 1159.00
- Other Structures: Shed(s), Storage
- Roof: Shingle
Property Information
- Property Condition: Completed
Land Information
- Lot Features: Cul-De-Sac, Landscaped, Level, Street Dead-End, Paved
School Information
- High School: Riverview High
- Middle School: Brookside Middle
- School Elementary: Phillippi Shores Elementary
Garage and Parking
- Garage Spaces: 0.00
- Parking Features: Driveway, Ground Level, Off Street, Oversized, Parking Pad
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Cooling: Central Air
- Heating: Central
- Sewer: Public Sewer
- Utilities: Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Net Operating Income: 0.00
- Tax Year: 2023
Other Features
- Appliances: Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Ice Maker, Range, Range Hood, Refrigerator, Washer
- Country: US
- Furnished: Unfurnished
- Interior Features: Ceiling Fans(s), L Dining, Primary Bedroom Main Floor, Thermostat
- Legal Description: LOT 11 BLK B HARBOR OAKS
- Levels: One
- Area Major: 34231 - Sarasota/Gulf Gate Branch
- Occupant Type: Vacant
- Parcel Number: 0075040038
- Possession: Close of Escrow
- View: Garden, Trees/Woods
- Zoning Code: RSF3
Nearby Subdivisions
- Dawn Morgan, AHWD,Broker,CIPS
- Mobile: 352.454.2363
- 352.454.2363
- dawnsellsocala@gmail.com