Situated a mere 3 miles away from the sun-kissed beaches of Anna Maria Island, this duplex presents a lucrative investment prospect in a sought-after location. The property, strategically positioned on 86th St W just south of Cortez Rd W , offers the ideal combination of proximity to the beach and investment potential.
Constructed in 1981, this sturdy block/stucco duplex stands elevated in the AE-X flood zone, boasting resilience against natural elements. Its roof, replaced in 2015, ensures durability for years to come.
Comprising two distinct units, each with its own single-car garage, this property accommodates a spacious 3-bedroom, 2-bathroom unit spanning 1,060 square feet under air, and a comfortable 2-bedroom, 2-bathroom unit covering 892 square feet. Both units feature laminate floors and tile throughout, providing a durable and low-maintenance living space.
While the 2BR/2BA unit stands as a solid residence, the 3BR/2BA unit presents an opportunity for enhancement. With a bit of tender loving care, this larger unit has immense potential, offering the chance to elevate its value through updates and renovations.
Moreover, the garages present a compelling prospect for conversion into additional living space, expanding the duplex's potential for increased rental income or customized living arrangements.
Large yard with room for a pool if desired, and potential to add extra parking.
The property benefits from county water and sewer services, ensuring convenience and reliability for its occupants. Currently leased under market values on month-to-month terms, the tenants express an interest in staying should rental adjustments align with market rates.
This investment gem not only promises steady rental income but also offers prospects for increased revenue through strategic renovations or rental adjustments, making it an enticing opportunity for astute investors seeking growth potential in the thriving Bradenton market.