1109 Yale Ave

Bradenton, FL 34207
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3 bd, 2 ba | 2,605 sqft | Built in 1957

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List Price
$329,900

$35.1K

Initial Investment

$89,898

Purchase Price

$329,900

Down Payment

25%

Rent

$3,210

Total Return

$215,512

Annualized Return

29.4%

Cap Rate

7.3%

Gross Yield

11.7%

Cash Flow

$4,630

Appreciation

9.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

8,050

HOA

$1/mo

Flood Risk

Not Required

Welcome to this spacious and versatile home in the sought-after Bayshore Gardens neighborhood. Over 1800 square feet of living space with a new roof and HVAC system installed in the summer of 2023! This charming home is a blank canvas ready for your creativity and renovation ideas. A sunroom floods the space with natural light, creating an inviting atmosphere. Original terrazzo flooring and bathroom tiles add a touch of nostalgia, paying homage to the mid-century modern era. The third bedroom is a large and flexible space with its own exterior entrance. Use it as a guest suite, home office, or studio! One of the standout features of this property is the expansive detached workshop which is perfect for hobbyists to pursue their passions! Unbeatable location close to SCF, IMG Academy, SRQ International Airport with lots of shopping and dining options just a stone’s throw away. Short drive to either downtown Bradenton, Sarasota or the Beach! For investors looking for rental potential, this property has no HOA rules restricting leasing. In addition, the Bayshore Gardens community offers an array of amenities including a junior Olympic pool, playground, picnic area, marina, pickleball, basketball, clubhouse and boat launch into the bay. There is also a place to launch and store kayaks. A special taxing district charges $407 annually in the property tax bill to each homeowner in the neighborhood, which ensures the amenities remain intact. Don't miss out on this incredible opportunity!

See more in Analysis
Jeff Wills
Sefair Investments, Inc
FL Agent License #BK3326417

Annual Financial Highlights

Expected Rent

$36,594

Expenses

-$9,829

Property Taxes

-$4,200

Loan Payments

-$17,935

Net Cash Flow

$4,630

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Cheri Ivarsson
BERKSHIRE HATHAWAY HOMESERVICES FLORIDA REALTY
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #A4583580
Last Updated: 10/31/2023 22:10
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.