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11150 BROADWOOD DRIVE N
About This Property
Offering a functional and spacious floor plan, the home features a formal dining area, comfortable living room, large kitchen, and a spacious primary suite complete with a walk-in closet, garden tub, and separate shower. On the opposite side of the home, you'll find the guest bedrooms and guest bathroom, creating a practical split-bedroom layout for privacy and convenience.
This home is very livable in its current condition, while also offering the opportunity for future cosmetic improvements. The interior could benefit from updating, and the rear deck will need replacement, but overall the property is in good condition and ready for its next owner to occupy and gradually improve. The seller is seeking a buyer who sees the potential and is willing to make this gem their own over time.
Important mechanical updates include an updated and insurable electrical panel, roof replaced in 2014, and both the HVAC system and water heater are in great condition and within approximately 10 years of age, helping provide peace of mind on several major components.
A unique part of this home's history is that the original structure was lost during a tornado in October 1992 and rebuilt in 1993 to then-current construction and FEMA standards, making this one of the newest homes in Autumn Run, a community primarily built between 1979–1980.
While located in a flood zone, the property has never flooded, according to the seller. The garage has been converted into a storage room and would need to be converted back to function as a traditional garage if desired.
The seller has priced the property fairly based on its current condition, needed improvements, and today's market conditions, and may be willing to consider creative solutions within reason for the right buyer.
If you've been searching for an opportunity in Pinellas Park real estate with strong upside potential, a desirable neighborhood, and the chance to create value over time, 11150 Broadwood Dr N may be the perfect fit. Schedule your private showing today and imagine the possibilities!
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What does this mean?
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%.
How much can I actually make?
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.
How is cap rate calculated?
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