🏡 Investment Opportunity in Bradenton, FL 🌴

Description

🏡 Investment Opportunity in Bradenton, FL 🌴
Property Details:
🛏️ Configuration: 4 Bed / 4 Bath / Attached Garage
📐 Livable Area: 2,520 sqft (per tax records)
🌳 Lot Size: 13,300 sqft
🏗️ Year Built: 1975 (Wood Frame)
💰 Asking Price: $460,000
📈 ARV: $700,000
💵 EMD: $15,000
📅 COE: 7/20/24

Property Highlights:
🛠️ Garage Conversion: The garage has been turned into a rental unit, featuring a bathroom. Note that the work was non-permitted and the unit currently lacks a kitchen.
💲 Potential Income: Great potential for rental income from the converted garage unit.
🌳 Spacious Lot: Large 13,300 sqft lot providing ample space for outdoor activities or future expansions.
🏡 Solid Structure: Built in 1975 with a sturdy wood frame.
Comparable Sales:
🏡 711 88th St NW: Sold for $750,000 in May 2024. Configuration: 4 beds, 2.5 baths, 2,500 sqft with an attached garage.
🏡 707 88th St NW: Sold for $715,000. Configuration: 4 beds, 2 baths, 2,008 sqft with an attached garage and pool.
Investment Potential:
With an ARV of $700,000 and an asking price of $460,000, this property offers significant upside potential. The non-permitted garage conversion into a rental unit provides additional rental income opportunities once properly updated and permitted.