1815 2ND AVENUE E
About This Property
The property has been remediated but not renovated, providing a clean slate for your personal touch. The seller has already completed important groundwork, including installing new subflooring and replacing select joists, and had planned a full renovation. Due to a more pressing project, the seller is now offering this property at a very attractive price.
Don't miss this opportunity to restore and reimagine a classic bungalow by the river in a highly desirable location. Perfect for investors or visionaries looking to bring a beautiful home back to its splendor.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 5, 2026 | Price Decreased |
$200,000
↓ $30K
(13%) | |
| Price Decreased | |||
| Aug 26, 2026 | Relisted | $229,900 | |
| Relisted | |||
| Aug 19, 2026 | In contract | - | |
| In contract | |||
| Aug 11, 2026 | Listed by MICHAEL SAUNDERS & COMPANY | $229,900 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
| Feb 10, 2025 | Sold | ||
| Sold | |||
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About Bradenton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017