Residential Income for Sale: 2116 PALM TERRACE, SARASOTA, FL 34231

$559,000
$559,000
2116 PALM TERRACE, SARASOTA, FL 34231
$559,000
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Price:
$559,000
$10,000 - 10/31/2024

Type Residential Income
Total Living Area 1,159 sqft
Lot Size 0.23 acres
Year Built 1950
Taxes Paid $1,057

City SARASOTA
Area 34231 - Sarasota/Gulf Gate Branch
County Sarasota
Subdivision HARBOR OAKS

MLS A4623939
Status Active
DOM 98 days
*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!

Virtual Tours for 2116 PALM TERRACE SARASOTA, FL

Lot & Building Features

Appliances Dishwasher, Washer, Refrigerator, Range Hood, Range, Ice Maker, Freezer, Exhaust Fan, Electric Water Heater, Dryer
Construction Vinyl Siding, Wood Frame
Cooling Central Air
Heating Central
Interior Decor Ceiling Fans(s), Thermostat, Primary Bedroom Main Floor, L Dining
Parking Description Driveway, Parking Pad, Oversized, Off Street, Ground Level
Sewer Public Sewer
Tax Year 2023
Taxes Paid $1,057
Water Public

Community and Schools

Junior High School Brookside Middle

Price History of 2116 PALM TERRACE, SARASOTA, FL

Date Name Price Difference
10/31/2024 Price Adjustment $559,000 1.76%
12/31/1969 Listing Price $569,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 2116 PALM TERRACE, SARASOTA, FL

Location Map Street View
Photo of Megan Kesky
Office
1201 6th Ave W
Bradenton, FL 34205
888-804-9992
Listed by SHOWTIME REALTY, Melissa Godio
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0.18908765652952%
6.75%
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2116 PALM TERRACE (MLS #A4623939) is a residential income listing located in SARASOTA, FL. This is a residential income listing with a lot of 10,019 sqft (or 0.23 acres). This property was listed on 10/02/2024 and has been priced for sale at $559,000.

Nearby zip codes are 34239 and 34242.

Stellar MLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: SHOWTIME REALTY