1247 GRAHAM ROAD
About This Property
The home's key features include approved permits, a completed structure, roughed-in plumbing, impact windows and doors, and a new roof-all designed to give you peace of mind. Custom mahogany ceiling details greet guests at the front entrance, while soaring 12-foot ceilings and 8-foot solid wood doors bring grandeur throughout. A light-filled corner office offers sliders that open to the pool area, ideal for a work-from-home space or private studio. Two tiled bathrooms are ready to be finished and the entire home's floor tile is ready for installation, adding a touch of luxury to every step. The pool excavation is complete and metal rebar has been installed, ready for the next stages of construction.
Located in a prime, no-flood Zone C, this South Venice property comes with no HOA, CDD, or deed restrictions, making it the perfect choice for those seeking flexibility. You'll enjoy quick access to local beaches, dining, and Sarasota County's best attractions, with 2 airports just 45 minutes away.
This home is sold as-is, in the condition shown in the photos. Buyers will be responsible for completing the home with their own resources, using either a builder of their choice or as owner-builders. Cash and as-is contracts only. Take advantage of this incredible chance to customize your dream home in a sought-after location! Call today for more details or to see in person the home's unique features.
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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