2116 Palm Terrace
$559,000
—
1,159
1,159
$482
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 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...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!
- Listed by Melissa Godio • SHOWTIME REALTY
Property Details for 2116 Palm Terrace
Subdivision Name
HARBOR OAKS
Township37
ViewGarden, Trees/Woods
WaterfrontNo
FurnishedUnfurnished
LISTING UPDATED: 10/31/2024 06:17 PM
Property Details for 2116 Palm Terrace
Status | Active |
---|---|
MLS # | A4623939 |
Days on Market | 47 |
Taxes | $1,057 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Duplex |
Year Built | 1950 |
Lot Size | 0.23 AC / 9,864 SF |
County | Sarasota County |
Building Information for 2116 Palm Terrace
Stories-Residences2Year Built1950Building Size-Lot Size0.23 AC / 9,864 SF
Property Information for 2116 Palm Terrace
Property History for 2116 Palm Terrace
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2116 Palm Terrace
Taxable ValueLand-Additions-Total-
Tax Record2023$1,057 ($88 / month)
Home Facts
Baths2Total Finished SqFt1,159 SqFtAbove Grade Finished SqFt1,159 SqFtStories1Lot Size9,864 SqFtStyleDuplexYear Built1950Year Renovated1995ZoningRSF3CountySARASOTAAPN0075-04-0038
Schools near 2116 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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