12120 71ST STREET E
About This Property
Inside, the home is completely move-in ready with all new flooring, stainless steel appliances, fully updated bathrooms, complete repiping, newer windows and a roof replacement in 2023. You'll be able to settle in with confidence. The thoughtful 4-bedroom floor plan provides flexibility for a variety of lifestyles. Whether you need extra space for guests, a home office, or a creative studio, the opportunities are potentially endless. This home is in an excellent central location, just minutes from Fort Hamer Park and boat launch and the new, vibrant Parrish Community Park, which offers a splash pad, state-of-the-art playground, and an amphitheater with band shell for community events and live entertainment. Brand new Hidden Harbor Park, featuring a BMX pump track, playground, and scenic walking trails. There are everyday conveniences close at hand, including shopping, dining, schools, and major commuter routes all just minutes away. The property is surrounded by ongoing and future development in one of Manatee County's most desirable and rapidly expanding communities, making this an ideal location to enjoy today while benefiting from Parrish's continued growth. Opportunities like this-combining space, updates, and zoning flexibility in a prime Parrish location-are rare. Schedule your private showing today!
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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.
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