1106 69th AVENUE W
About This Property
boat to Sarasota Bay. This unique home is nestled in a tropical oasis on a dead end private street. Updated island kitchen complete with granite counter and stainless appliances. French doors lead to a two story screen lanai with a rare expansive yard and water view. The open main living area has stunning 24" brick patterned, marbled tile floors. There is a master suite downstairs or it can be a guest suite-(p0ssible in law) Upstairs you have three bedroom and two full baths. All the baths in the house have granite counters and decorative tile and glass accents that would impress any designer. The upstairs, spacious master suite has wide plank, wood laminate floors and French doors leading to a private balcony with an expansive water view. The yard has a magnificent Oak tree, multiple palm trees lining the waterfront and new tropical landscaping surrounding the home. There is 120 ft of waterfront on Bowless Creek w/ramp, lift & multiple slips to accommodate up to 5 boats. The canal downstream was dredged in December 2013 and should now facilitate boats with a 3 foot draft at mean low tide. The NEW dock and seawall have all been updated. NEW METAL roof with a 25 year warranty. Fantastic location mid-way between Sarasota and Bradenton, and convenient to beaches, theatres, colleges, museums, and shopping
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017