SIGNIFICANT PRICE REDUCTION: Boutique Waterfront Development with Income
$4,950,000
2424 Bay Dr, Bradenton, FL 34207
1.61
Cap Rate
79,895
NOI
Details:
Highlights:
- - 4,260 SF building with 400 ft of coastline
- - Two fully renovated and completed units
- - Potential Gross Income of $1.5M and Net Income of $1.2M
- - Zoned PD-R and sold with entitlements in place
- - Plans for pool and six additional units
- - Five dock slips in place
- - Significant price reduction
- - Seller Finanincing available
Description:
SIGNIFICANT PRICE REDUCTION: Introducing an extraordinary investment opportunity in the heart of the highly sought-after Bradenton-Sarasota-North Port area. This remarkable 4,260 SF property, consisting of two fully renovated units, offers exceptional income potential with a projected $1.5M in Gross Income and $1.2M in Net Income. Boasting 400 feet of pristine coastline and five dock slips in place, this waterfront gem is a rare find. Sold with entitlements and in place, plus plans for a pool and six additional units, this property is primed for expansion and increased revenue generation, making it an enticing prospect for the savvy Multifamily and Single Family Rental Portfolio investor. Seller financing available.
Located in the thriving Bradenton-Sarasota-North Port market, the Treetops Bay property offers an attractive investment opportunity for Multifamily and Single Family Rental Portfolio investors. Surrounding the area are vibrant attractions such as the stunning Gulf Coast beaches, Robinson Preserve, and the South Florida Museum. With a variety of dining, entertainment, and recreational options nearby, this location provides a desirable living experience for residents. The property's prime location within this dynamic region makes it a compelling choice for investors seeking to capitalize on the area's strong rental market and growth potential.
Documents:
Location
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