2029 Palm Terrace

Sarasota, FL 34231

$369,777
Price
2
Beds
980 Sq. Ft.
$377 / Sq. Ft.
980
Sq. Ft.
$377
per Sq. Ft.

Description

Income Producing Duplex located just off US41 in South Sarasota. Each unit is a 1 bedroom 1 bathroom with Vinyl Floors in right side unit and tile floors in the other. Galley style kitchens with Refrigerator and range and door to backyard. Full size bathroom with shower. Units are currently rented on annual Leases and property managed. Gross Rents are $2,650 with Leases through March and September 2025. Separately metered electric. Water paid by owner. Roof replaced 2022. Hot Water Heaters 2021....Income Producing Duplex located just off US41 in South Sarasota. Each unit is a 1 bedroom 1 bathroom with Vinyl Floors in right side unit and tile floors in the other. Galley style kitchens with Refrigerator and range and door to backyard. Full size bathroom with shower. Units are currently rented on annual Leases and property managed. Gross Rents are $2,650 with Leases through March and September 2025. Separately metered electric. Water paid by owner. Roof replaced 2022. Hot Water Heaters 2021. A/C Window Units. Large lot just under a 1/4 acre. Parking on both sides of property for each tenant. Fenced backyard. Good school zones. Central to Beaches, shopping, restaurants, good schools, golf and more! Call to schedule your showing.
  1. Listed by Dane Peterson • RELAX REALTY GROUP INC
  2. Listed by Marc Pelletz • RELAX REALTY GROUP INC

Property Details for 2029 Palm Terrace

Subdivision Name
HARBOR OAKS
Township
37
View
Trees/Woods
Waterfront
No
Furnished
Unfurnished
LISTING UPDATED: 12/12/2024 06:47 AM

Property Details for 2029 Palm Terrace

StatusActive
MLS #A4632179
Days on Market7
Taxes$3,387 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1949
Lot Size0.23 AC / 9,864 SF
CountySarasota County

Building Information for 2029 Palm Terrace

Stories-Residences2Year Built1949Building Size-Lot Size0.23 AC / 9,864 SF

Property Information for 2029 Palm Terrace

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: Head North on US41(Tamiami Trl) from the Proctor Rd intersection. Take the 6th street on your right (Palm Ter). Property will be down on left. Dead-End street.
  • Elementary School: Phillippi Shores Elementary
  • Middle Or Junior School: Brookside Middle
  • High School: Riverview High
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Senior Community: No
  • SW Subdiv Community Name: Harbour Oaks
  • Unit Number: No
  • Street Number: 2029
  • Street Name: PALM
  • Street Suffix: TERRACE
  • State: FL
  • City: SARASOTA
Parking
  • Available For Lease: Yes
  • Carport: No
  • Garage: No
  • Parking Features: Open
Taxes and HOA Information
  • Association Approval Required: No
  • Association: No
  • CDD: No
  • Tax Block: A
  • Tax Book Number: 2-44
  • Tax Legal Description: LOT 5 BLK A HARBOR OAKS
  • Tax Lot: 5
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Lot Features: In County, Street Paved
  • Parcel Number: 0075040053
  • Total Acreage: 0 to less than 1/4
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Zoning: RSF3
  • Living Area: 980
Property and Assessments
  • Year Built Numeric: 1949
  • Flood Zone Code: X
  • Flood Zone Date: 03-27-2024
  • Flood Zone Panel: 12115C0142G
  • New Construction: No
  • Public Survey Range: 18
  • Public Survey Section: 05
Utilities
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Stucco, Wood Frame
  • Exterior Features: Fenced
  • Foundation Details: Crawlspace
  • Levels: One
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 2
  • Appliances: Range, Refrigerator
  • Cooling: Wall/Window Unit(s)
  • Fireplace: No
  • Flooring: Tile, Vinyl
  • Heating: Other
  • Interior Features: Ceiling Fans(s)
  • Laundry Features: None
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
  • Window Features: Aluminum Frames, Blinds
Multi Family
Multi-Family Information
  • Annual Net Income: $25,000.00
  • Gross Income: $31,800
  • Unit Count: 1
Unit 1
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 1
  • Unit Type Number Of Units Occupied 1: 2
  • Unit Type Pro Forma 1: 2650
  • Unit Type Type 1: 1 Bed/1 Bath
  • Unit Type Units Total 1: 2
Rental
Rental Information
  • Minimum Lease Period: 0
  • Pets Allowed: Yes

Property History for 2029 Palm Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2029 Palm Terrace

Taxable ValueLand$188,500Additions$60,900Total$249,400
Tax Record2023$3,387 ($282 / month)
Home Facts
Baths2Total Finished SqFt980 SqFtAbove Grade Finished SqFt980 SqFtStories1Lot Size9,864 SqFtStyleDuplexYear Built1949Year Renovated1989ZoningRSF3CountySARASOTAAPN0075-04-0053

Schools near 2029 Palm Terrace

This home is within Sarasota.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Phillippi Shores Elementary School
PublicPK to 5

Brookside Middle School
Public6 to 8

Riverview High School
Public9 to 12

Sarasota Virtual School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2029 Palm Terrace is a multi-family home for sale in Sarasota, FL 34231. This property was listed for sale on December 11, 2024 by RELAX REALTY GROUP INC, it's currently listed at $369,777. It has been on the market for a total of 7 days and was last sold on April 29, 2013. This listing's school district is Sarasota. Nearby schools include Phillippi Shores Elementary School, Brookside Middle School and Riverview High School. 2029 Palm Terrace is a 2-bed, 0-bath, 980 sqft multi-family home built in 1949.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RELAX REALTY GROUP INC, Dane Peterson; RELAX REALTY GROUP INC, Marc Pelletz

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.