7307 14TH AVENUE W
About This Property
Every major mechanical and structural update has already been done for ultimate peace of mind: brand-new high-impact hurricane windows and doors throughout, a new AC compressor and air handler, new blown-in insulation for low utility bills, a newer roof, a professional-grade garage floor coating, and new front yard sod and irrigation. Best of all, a brand-new $22,000 plumbing/sewer lining was completed this year!
Step outside to discover a sprawling, fully fenced backyard?a massive blank canvas ready for a pool, gardening, or your dream outdoor entertainment oasis. To help bring your vision to life, the seller is offering a generous $8,000 credit at closing for immediate improvements. A brand-new garden shed, ideal for additional storage is included. Location is everything! This property is completely outside of a flood zone and sits just 5.6 miles (a quick 12-minute drive) from the sugar-sand shores of Manatee County Public Beach on Anna Maria Island. You are also just minutes away from the new Target, Publix, Bonefish Grill, HomeGoods, and premier local dining. Optional HOA for your benefit, but not a requirement. The sellers are also including the majority of the furnishings and yard equipment with the sale. Whether you are looking for a turn-key primary residence, a seasonal Florida retreat, or a premier investment property, this West Bradenton gem is ready for you. 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