$1,198,750

Description

Location, location, location! Steps to the bay, and Herb Dolan County Park, with playground, pickle-ball, basket-ball, kayak/canoe launch, and picnic area. Two to three minute walk to Bradenton Beach, and walking distance to Salt Restaurant. This two unit, duplex, with two upper floor - two bedroom, two bathroom units is just under 1,000 square feet each. There is no elevator and each unit has its own interior staircase. Both units enter from the left side of the building and have entry foyer hallways. Both units have a kitchen, a living/dining room combination, a primary bedroom with ensuite bathroom, and a guest bedroom with hallway bathroom in each. There are front and rear open balconies, and a common laundry on the first floor, in the rear in an exterior laundry/storage room. The approximate annual revenue for 2022 was $108,000. For 2023 it was $75,000 and for 2024 it was $68,000 prior to the fall hurricanes. The current owners stay in the top front unit January to June every year. There was minor water intrusion on the ground floor from the hurricanes of 2024. The entire building built in 1978 was tented in 2024 after the hurricanes and minor repairs. The seller was compensated by FEMA and repaired the minor damage. This owner bought it as it was. They did cosmetic updating - painting, flooring, countertops, cabinets, appliances, etc. They did not do any structural, electrical, plumbing or anything requiring permitting. Both units HVAC systems are 2021 and the roof is 2020. The lower area under unit A is a converted one-stall garage that is being used as an efficiency apartment or in-law suite. This unit is rented on a month to month lease for $1,000 and this tenant would like to stay as a tenant in the future. The lower area under Unit B is a converted one-stall garage that is being used as a game/rec room by the owners' and tenant's when rented. There is no homeowner's association or condo association, no CDD fees, and Bradenton Beach allows nightly rentals, but does require licensing to rent. We have all the rooms size dimensions in a supplemental report in the MLS. One could live in one unit and rent the other unit or use both units as living space. This is a must-see property to fully understand all the value of it. It is easy to see and to show. All information in this MLS Report is deemed reliable, but not guaranteed.