2116 Palm Terrace
SARASOTA, FL 34231
- – beds
- – baths
- 1,159 sqft
- 9,864 sqft lot
- $482 per sqft
- 1950 build
- – on site
*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!
Listing courtesy of STELLAR_MLS / SHOWTIME REALTY
Last checked:
Checking…
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Last updated Nov 26, 2024
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MLS# A4623939 —
The Building
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Year Built:1950
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New Construction:false
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Construction Materials:Vinyl Siding
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Levels:One
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Roof:Shingle
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Foundation Details:Crawlspace
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Patio And Porch Features:Deck
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# of Buildings:1
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Building Area Total:1159
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Building Area Units:Square Feet
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Building Area Source:Public Records
Interior
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Interior Features:Ceiling Fan(s)
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Furnished:Unfurnished
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Flooring:Carpet
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Fireplace:false
Room Dimensions
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Living Area:1159
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Living Area Units:Square Feet
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Living Area Source:Public Records
Location
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Directions:Continue onto US-41 N/S Tamiami Trail Turn right onto Palm Terrace
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Latitude:27.290787
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Longitude:-82.527921
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Coordinates:-82.527921, 27.290787
The Property
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Parcel Number:0075040038
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Property Type:Residential Income
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Property Subtype:Duplex
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Property Condition:Completed
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Property Attached:false
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Lot Features:Cul-De-Sac
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Lot Size Acres:0.23
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Lot Size Area:9864
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Lot Size SqFt:9864
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Lot Size Units:Square Feet
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Total Acres:0 to less than 1/4
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Zoning:RSF3
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View:Garden
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View:true
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Exterior Features:Fenced
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Water Source:Public
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Road Responsibility:Public Maintained Road
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Road Surface Type:Paved
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Road Frontage Type:Street Dead-End
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Flood Zone Code:X
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Flood Zone Panel:12115C0142G
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Additional Parcels:false
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Homestead:true
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (516) 800-6536
- Office phone:
- (941) 822-0890
Taxes
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Tax Year:2023
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Tax Lot:11
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Tax Block:B
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Tax Legal Description:LOT 11 BLK B HARBOR OAKS
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Tax Book Number:2-44
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Tax Annual Amount:1057
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/stellar/A4623939
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Special Listing Conditions:None
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:Central Air
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Cooling:true
Utilities
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Utilities:Electricity Available
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Sewer:Public Sewer
Appliances
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Appliances:Dishwasher
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Laundry Features:Laundry Closet
Schools
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Elementary School:Phillippi Shores Elementary
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Middle Or Junior School:Brookside Middle
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High School:Riverview High
The Community
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Subdivision Name:HARBOR OAKS
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Senior Community:false
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Water View:false
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Water Access:false
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Waterfront:false
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Spa:false
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Pool Private:false
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Association:false
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Ownership:Fee Simple
Parking
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Garage:false
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Carport:false
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Open Parking:true
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Parking Features:Driveway
Extra Units
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Other Structures:Shed(s)
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# of Units Total:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
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10/31/24
Oct 31, 2024
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Price Changed | STELLAR_MLS | $559,000 | -1.8% |
10/2/24
Oct 2, 2024
|
Listed / Active | STELLAR_MLS | $569,000 |