$740,000

8504 71st Avenue Drive E

BRADENTON FL, 34202

Description

Live in a literal paradise and have someone else pay the bills! With 3 buildings on this secluded river property, there is nothing else like it. Live in the main house and have the TWO LEGAL INCOME PRODUCING units pay ALL your expenses or rent all 3 units and make an even greater return. Make this your home and enjoy mornings in the screened porch hanging over the Braden River with unspoiled views. Have friends sit by the natural stone fireplace as it warms the lodge-like living room while you prepare a gourmet meal in the open concept chefs kitchen. Retire to the ground floor master-suite, made of original log and chink walls with a fireplace, lg walk-in closet, and spa-like bath incl. a claw foot bathtub. Stroll through the tropical grounds shaded by towering oaks or hop in your boat or kayak for a tour of the Braden River to Ward Lake. The income units include a renovated artist studio featuring private bath with shower and kitchen. The smaller comfy cottage also includes a full kitchen and bath facilities. These units have several years of proven/verified revenue, exceeding $32,000 in 2019, primarily from the Jan thru Apr. Extending your rental season provides higher income. The main home (significantly expanded in 2001), if rented, could provide $34,500-$37,500 in add'l revenue. Revenues could realistically exceed $72,000 annually. This property comes nearly turnkey fully furnished, and is adjacent to historic Linger Lodge, which would provide a good source of short-term renters. It's one of a kind

Details

MLS#A4459032
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year2001
Days On Site23

Features

SQ Feet3,070
Units3
Building(s)3
Water FrontYes

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Area Information

StateFL
CountyManatee
CityBRADENTON
Zip Code34202
Area34202 - Bradenton/Lakewood Ranch/Lakewood Rch
Listing VS Median (in 34202)
Price:
$740,000
low | high
Med:
$447,000
89.594594594595% of Average
SqFt:
3,070
low | high
Med:
1,918
87.524429967427% of Average
$ / SqFt:
$241
low | high
Med:
$233
53.208662260839% of Average
On Site:
23
low | high
Med:
37
62.162162162162% of Average
Listing Updated: 02/25/2020
MLS Number: A4459032
Listing Provided By:
Mark Midyett  of  KELLER WILLIAMS REALTY SELECT

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