1208 28TH STREET W
About This Property
The historic bungalow has seen better days, but its hardwood floors, timeless character, and classic Florida architecture hint at the stories it could tell. Whether you choose to lovingly restore this aging home, create a private estate surrounded by mature trees, or explore the potential to subdivide and build multiple residences (buyer to verify with the City), the possibilities are truly exceptional.
The expansive property offers ample room for gardens, guest houses, workshops, or additional outdoor living spaces. Located in Flood Zone X, the seller reports no history of flooding, and underground utilities provide added convenience and peace of mind.
Ideally situated in the heart of West Bradenton, you'll enjoy easy access to shopping, dining, medical facilities, public transportation, and everything the area has to offer-all while feeling tucked away in your own private Old Florida sanctuary.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017