1526 3rd AVENUE W
About This Property
Bradenton, this fabulous old Florida house is in the ultimate location! Just a couple minute walk to the downtown restaurants and shops on the Manatee River, or Central library, the Riverwalk and Riverwalk Splash Park, Bishop Museum, Village of the Arts, or the Dolphin Marina (make sure you bring your fishing rod). Or you can just hop in your car and in less than 30 minutes you're in downtown Saint Petersburg, St Pete's beaches, or the Tamiami Trail. One of "Grandma Stanton's Houses" built in the early 1900s, this 2 bedroom/two bathroom home has a surprising amount of space, downstairs has the kitchen, living room, dining room, Florida room, bathroom and laundry room, plus the front porch. Two bedrooms and a bathroom are located upstairs, plus a bonus room that acts as an office or additional den. The unfinished attic with a full size door and stairs leading up, is an ideal owner's closet or perfect storage area. Separate garage AND covered carport are wide enough to fit your boat. Additional features: Heart of Pine floors in the downstairs,a unique and decorative, non-working fireplace in the kitchen/dining room area, a metal roof, and a Florida-room with numerous windows allowing tons of natural light! Plus! No HOA! New downstairs A/C unit and insulated ductwork, and 2020 washer and dryer! Have peace of mind when you buy because this home is listed with a full home warrantee covering all appliances and the HVAC. Take advantage of this unique opportunity, priced to sell quickly it won't last long.
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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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About Bradenton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017