515 25th STREET W
About This Property
Upon entering, you find yourself in a light-filled living room that seamlessly connects to a dining area. This space is enhanced by lux vinyl flooring, a new chandelier with dimmers, and a coffered ceiling with beams added in 2018, creating a cozy and inviting atmosphere. The kitchen, accessible through a recently renewed entrance, features modern upgrades including all new appliances from 2022 (excluding the stove), stone countertops, and updated cabinets, making it a delightful space for culinary endeavors.
The primary bedroom is both bright and spacious, offering a serene retreat with access to a bathroom that boasts accessible features such as a walk-in shower and an open vanity. The second bedroom provides comfort and ample space for relaxation. The main bathroom, accessible via the living room, has been significantly upgraded with new ceramic tile and a replaced sink, and features a tub with a shower.
An additional bedroom offers flexibility and can be used as a bedroom, office space, or family room to suit your needs. This room is equipped with ample storage cabinets, a built-in desk, and a closet, enhancing its functionality and versatility. The convenience continues with a dedicated laundry room equipped with a washer and dryer.
Step outside to discover a screened lanai with a heated pool, providing a perfect spot to unwind while enjoying relaxing views of the surrounding trees and greenery. Adjacent to the screened area, a covered sitting area offers additional comfort and shade. For extra storage, there is an outdoor shed.
This property boasts a prime location, offering close proximity to downtown Bradenton, Anna Maria Island, Twin Dolphin Marina and Pier 22, Robinson Preserve, numerous parks, Bradenton Country Club, a hospital, various shopping destinations, and a school zone. Whether you are looking for a potential investment with no minimum lease period and an estimate short term vacation rental gross revenue of up to 56k a year, or a place to call home, this residence presents an excellent opportunity.
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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 |
|---|---|---|---|
| Oct 2, 2024 | Sold | ||
| Sold | |||
| Aug 31, 2024 | In contract | - | |
| In contract | |||
| Aug 29, 2024 | Relisted | $350,000 | |
| Relisted | |||
| Aug 27, 2024 | In contract | - | |
| In contract | |||
| Aug 19, 2024 | Relisted | $350,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017